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Economy3 hours in the past (Jan 19, 2021 01: 36PM ET)
© Bloomberg. Janet Yellen Photographer: Andrew Harrer/Bloomberg
(Bloomberg) — Janet Yellen’s nomination for Treasury secretary will likely be permitted by the Senate as quickly as Thursday, senators indicated right through her affirmation hearing.
Ron Wyden, the ranking Democrat on the Senate Finance Committee, acknowledged he hoped the elephantine chamber could vote on Thursday, provided that Democrats and Republicans agreed to own written be aware-up questions ready for Yellen by the conclude of alternate on Wednesday.
Republican Senator Michael Crapo answered that he would discuss the timing with outgoing committee chair Chuck Grassley. “We are in a position to work with contributors on our facet to work rapidly,” Crapo acknowledged.
By comparison, outgoing Treasury Secretary Steven Mnuchin used to be confirmed by the Senate and sworn in on Feb. 13, 2017. His affirmation used to be delayed by an superior ethics waiver that required him to divest stakes in 43 investments to lead sure of a war of hobby. He’s one of many richest Treasury secretaries in recent history.
©2021 Bloomberg L.P.
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