Yellen’s confirmation for Treasury could arrive as early as Thursday

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(Bloomberg) – Janet Yellen’s appointment as Secretary of the Treasury could be approved by the Senate as early as Thursday, senators said during her confirmation hearing.

Ron Wyden, the senior Democrat on the Senate Finance Committee, said he hoped the plenary chamber could vote on Thursday, given Democrats and Republicans agreed to have written follow-up questions ready for Yellen by the close of work on Wednesday.

Republican Senator Michael Crapo responded that he would discuss the schedule with the committee’s outgoing chairman, Chuck Grassley. “We will work with the members on our side to work quickly,” Crapo said.

By comparison, outgoing Treasury Secretary Steven Mnuchin was confirmed by the Senate and sworn in on February 13, 2017. His confirmation was delayed by a complicated ethics waiver that required him to divest 43 investments to avoid a conflict of interest. ‘interests. He is one of the richest treasury secretaries in recent history.

© 2021 Bloomberg L.P.

© Bloomberg. Janet Yellen Photographer: Andrew Harrer / Bloomberg

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