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Yellen wins unanimous Senate panel vote for Treasury despite Republican tax, debt concerns

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Janet Yellen new Sec. of TreasuryThe U.S. Senate Finance Committee on Friday unanimously approved Janet Yellen’s nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies.

Yellen’s nomination was approved 26-0 in the evenly split committee, with concerns expressed by Republicans about President Joe Biden’s ambitious plans for massive coronavirus relief spending, infrastructure investment and tax hikes failing to sway them against the former Federal Reserve chair.

“I have very strong disagreements with Dr. Yellen on a number of her positions, particularly in the tax policy arena, but she has committed to us that she will work with us,” Republican Senator Mike Crapo said after the vote.


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