President Biden and Janet Yellen agreed late last year she will stay on as secretary of the Treasury, according to an administration official.
Treasury Secretary Janet Yellen leaving her office in the Treasury on Jan. 10. Photo: Kevin Dietsch/Getty Images
White House officials in the fall of last year had been preparing for Yellen's potential departure after the 2022 midterms, depending in part on the outcome of the elections,In a December conversation, Yellen brought up the reports about her potential exit and she asked Biden if he wanted her to stay. Biden responded that he did.
The decision to keep Yellen in the role avoids an immediate political headache for the Biden administration in finding a successor who could be confirmed by the Senate.A major issue coming the Treasury's way is the need to raise the government’s debt limit later this year. Republicans, who retook the House in the midterms, have threatened to not raise the debt ceiling to force spending cuts in the federal budget, even if it damages the global economy through the U.S. defaulting on its loans, which has never before occurred.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Janet Yellen Told Biden She Planned to Stay as Treasury Secretary, Officials SayThe president welcomed the decision in a conversation late last year, White House officials said, allaying speculation about whether she would remain at the department.
Leer más »
Yellen agreed to stay on as Treasury chief at Biden’s request: ReportJanet Yellen has reportedly agreed to remain secretary of the Treasury after a request from President Joe Biden.
Leer más »
Janet Yellen is staying put to oversee billions in climate spendingU.S. Treasury Secretary Janet Yellen is digging in to oversee billions of dollars in federal climate and infrastructure spending that she believes will transform the economy, close associates say, defying demands from Republicans to step down.
Leer más »
U.S. attorney reviewing classified documents from Joe Biden's vice presidency found at Biden think tankEXCLUSIVE: Classified documents from Joe Biden’s vice-presidential office were discovered by the president's personal attorneys at the Penn Biden Center, a think tank in Washington, D.C.
Leer más »
Biden says he was 'surprised' government documents were found at Penn Biden Center officePresident Biden responded for the first time to news that documents marked classified were discovered at office in the Penn Biden Center.
Leer más »
Biden says he was 'surprised' classified documents were found at Penn Biden Center officePresident Biden on Tuesday responded for the first time to CBS News' reporting that documents marked classified were found at the Penn Biden Center, saying he was 'surprised' to learn there were any government documents at his private office.
Leer más »