Biden Will Nominate First Women to Lead Treasury and Intelligence, and First Latino to ... - 0 views
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President-elect Joseph R. Biden Jr. plans to name Janet L. Yellen as Treasury secretary, a nomination that would put a woman in charge of the Treasury for the first time in its 231-year history.
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In choosing Ms. Yellen, who was also the first woman to lead the Federal Reserve, Mr. Biden is turning to a renowned labor economist at a moment of high unemployment, when millions of Americans remain out of work and the economy continues to struggle from the coronavirus.
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Ms. Yellen, 74, is likely to bring a long-held preference for government help for households that are struggling economically. But she will be thrust into negotiating for more aid with what is expected to be a divided Congress, pushing her into a far more political role than the one she played at the independent central bank.
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