Biden’s pick to lead Treasury, Janet Yellen, made over $7 million in speaking fees
3 years, 11 months ago

Biden’s pick to lead Treasury, Janet Yellen, made over $7 million in speaking fees

Hindustan Times  

President-elect Joe Biden’s choice to be treasury secretary, Janet Yellen, collected more than $7 million in speaking fees over the past two years from major financial firms and tech giants including Citigroup, Goldman Sachs and Google, according to disclosure forms filed as part of her nomination. Yellen’s was among three financial disclosures turned in by Biden transition officials that were made public on Thursday by the Office of Government Ethics. In a separate filing, Yellen listed firms and banks where she had received speaking fees and said she intended to “seek written authorization” from ethics officials to “participate personally and substantially” in matters involving them. A Biden transition spokesperson said Friday that, since leaving the Fed, Yellen has “spoken at economic conferences, universities and to business groups and financial institutions about her experiences and her views on what we can do as a country to build a stronger economy and increase our competitiveness.” He added that “this is not someone who pulls punches when it comes to bad actors or bad behavior.” Also released Thursday were disclosure forms from Biden’s choice to be secretary of state, Antony Blinken, who detailed his work at a consulting firm he co-founded, WestExec Advisors, LLC.

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History of this topic

Biden year one takeaways: Grand ambitions, humbling defeats
2 years, 11 months ago

Biden year one takeaways: Grand ambitions, humbling defeats

Associated Press  

Joe Biden’s long arc in public life has always had one final ambition: to sit behind the Resolute Desk of the Oval Office. Takeaways from The Associated Press’ White House team on Biden’s first year as president: BIG AMBITIONS Biden started his presidency with more than $4 trillion worth of big ideas — his eyes larger than what the Senate …

Who are President Biden’s Cabinet members?
3 years, 9 months ago

Who are President Biden’s Cabinet members?

LA Times  

Janet L. Yellen was confirmed by the Senate in an 84-15 vote. JANET L. YELLEN Confirmed Jan. 25 Yellen, an expert on labor markets and employment, is the first woman to head the Treasury Department. She’s also the only person to have held all three of the nation’s top economic posts — chair of the Federal Reserve and head of …

Meet Janet Yellen, Economist Extraordinaire and the First Woman to be US Treasury Secretary
3 years, 10 months ago

Meet Janet Yellen, Economist Extraordinaire and the First Woman to be US Treasury Secretary

News 18  

The US Senate this week approved of President Joe Biden’s nomination of Janet Yellen to be the the country’s 78th treasury secretary, thus building out Biden’s team. A former chair of the Federal Reserve, 74-year-old Yellen was approved by the Senate on a 84-15 vote, becoming the third member of Biden’s Cabinet to win confirmation. Vice-president Kamala Harris swore in …

Yellen says Treasury focus to help nation reeling from virus
3 years, 10 months ago

Yellen says Treasury focus to help nation reeling from virus

Associated Press  

WASHINGTON — Janet Yellen, sworn in Tuesday as the nation’s 78th Treasury secretary and the first woman to hold the office, said in a message to the department’s 84,000 employees that they would play a major role in addressing the country’s biggest economic challenges. “Then, we must assist them in getting back to work safely.” Yellen said it will be …

Janet Yellen wins Senate approval as treasury secretary
3 years, 10 months ago

Janet Yellen wins Senate approval as treasury secretary

Associated Press  

WASHINGTON — The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department’s 232-year history. At her confirmation hearing before the Finance Committee last week, Yellen had argued that without prompt action the nation faced the threat of a “longer, …

Janet Yellen confirmed as US Treasury secretary
3 years, 10 months ago

Janet Yellen confirmed as US Treasury secretary

Al Jazeera  

Yellen, among the first of Biden’s picks to be confirmed, is the first woman to hold the job of overseeing the economy. Janet Yellen was confirmed by the U.S. Senate as the country’s 78th Treasury secretary and the first woman to hold the job, putting her in charge of overseeing an economy that continues to be hobbled by the coronavirus …

Yellen’s nomination as treasury secretary advances in Senate
3 years, 11 months ago

Yellen’s nomination as treasury secretary advances in Senate

Associated Press  

WASHINGTON — The Senate Finance Committee approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary on Friday, setting up a final vote that would make her the first woman to hold the job. Democratic Sen. Ron Wyden of Oregon, the incoming chair of the Finance Committee, said he hoped to get Yellen’s nomination approved …

Janet Yellen pushes GOP senators on $1.9-trillion COVID-19 relief package
3 years, 11 months ago

Janet Yellen pushes GOP senators on $1.9-trillion COVID-19 relief package

LA Times  

Janet Yellen, who is on track to be the nation’s first female Treasury secretary, told senators during her confirmation hearing Tuesday: “The smartest thing we can do is act big” in fighting the pandemic-driven recession. Janet Yellen, President-elect Joe Biden’s choice as Treasury secretary, said Tuesday that the incoming administration would focus on winning quick passage of its $1.9-trillion pandemic …

Janet Yellen made millions giving speeches to Wall Street banks she’ll soon regulate
3 years, 11 months ago

Janet Yellen made millions giving speeches to Wall Street banks she’ll soon regulate

CNN  

New York CNN Business — Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, made more than $7 million in recent years by giving speeches to Wall Street banks, major corporations and industry groups. Big bank speeches The fact that the majority of Yellen’s speaking fees were from the financial industry could raise concerns that she is too cozy with …

Biden fills Yellen-led economy team, risks clash on budget chief
4 years ago

Biden fills Yellen-led economy team, risks clash on budget chief

Live Mint  

President-elect Joe Biden rolled out the first set of nominations for his economic team on Monday, formally announcing his selection of Janet Yellen to be Treasury secretary, Neera Tanden to lead the Office of Management and Budget and Cecilia Rouse to head the Council of Economic Advisers. Hank Paulson, who was Treasury secretary during the Bush administration, said: “Janet’s credibility …

Biden taps Yellen for Treasury, announces other members of economic team
4 years ago

Biden taps Yellen for Treasury, announces other members of economic team

Live Mint  

President-elect Joe Biden unveiled his picks for several top economic positions on Monday, including former Federal Reserve Chair Janet Yellen as his nominee for Treasury Secretary, setting the stage for a more diverse White House. In contrast to Trump, who largely picked white men for key positions, Biden's early appointments were shaping up to be highly diverse, including an all-women …

Politics isn’t Janet Yellen’s forte, but it’s what she’s in for now
4 years ago

Politics isn’t Janet Yellen’s forte, but it’s what she’s in for now

Live Mint  

When she led President Clinton’s Council of Economic Advisers in the late 1990s, Janet Yellen confided to her husband, economist George Akerlof, about the challenges she faced navigating Washington’s political storms. As President-elect Joe Biden’s pick for Treasury Secretary, Ms. Yellen is looking at the most political role she has had in nearly three decades of high-profile policy making. “The …

A Treasury under Janet Yellen may spell an era of Fed control
4 years, 1 month ago

A Treasury under Janet Yellen may spell an era of Fed control

Live Mint  

Janet Yellen is poised to become the most economically powerful woman in the world. Yellen’s previous experience also suggests that the Biden administration wants a Treasury that works hand in glove with the Fed to bring the US economy back to where it was before the coronavirus pandemic. During Powell’s first year as Fed chair, he directly followed in Yellen’s …

Awaiting Yellen at Treasury: Yet another daunting crisis
4 years, 1 month ago

Awaiting Yellen at Treasury: Yet another daunting crisis

Associated Press  

WASHINGTON — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Nathan Sheets, chief economist at PGIM Fixed Income and a former senior Fed and Treasury official, said that Yellen could effectively use the “bully pulpit” during what are likely to be difficult negotiations with Senate Republicans. “Having a …

Biden Picks Janet Yellen To Be Treasury Secretary In Historic Appointment
4 years, 1 month ago

Biden Picks Janet Yellen To Be Treasury Secretary In Historic Appointment

NPR  

Biden Picks Janet Yellen To Be Treasury Secretary In Historic Appointment Enlarge this image toggle caption Brendan Smialowski/AFP via Getty Images Brendan Smialowski/AFP via Getty Images Updated at 6:15 p.m. President-elect Joe Biden plans to nominate former Federal Reserve Chair Janet Yellen to head the Treasury Department, a source close to the transition told NPR on Monday If confirmed, Yellen …

Biden announces first cabinet posts of administration
4 years, 1 month ago

Biden announces first cabinet posts of administration

Al Jazeera  

The president-elect named nominees for secretary of state, homeland security, national security adviser, among others. The nominees on Monday included Antony Blinken for secretary of state, Alejandro Mayorkas to be secretary of homeland security, Avril Haines for director of national intelligence, Jake Sullivan for national security adviser, Linda Thomas-Greenfield for US ambassador to the United Nations and former Secretary of …

Biden picks ex Fed Chair Janet Yellen to lead US Treasury: Source
4 years, 1 month ago

Biden picks ex Fed Chair Janet Yellen to lead US Treasury: Source

Al Jazeera  

US President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as Treasury secretary, sources tell AP, placing her in a crucial role at a perilous moment in the nation’s economic recovery. United States President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as Treasury secretary, a pivotal role in which she would …

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