Speaking at a virtual event hosted by The New York Times, Treasury Secretary Janet Yellen said a proposal to send $1,400 direct payments to Americans will help those who are struggling, particularly those who are not receiving other targeted forms of assistance.
Janet Yellen’s nomination as Treasury Secretary was cleared by the Senate Finance Committee. The full Senate will likely approve her nomination today, making her the first woman in American history to hold the position. Yellen was previously the first woman to serve as chair of the Federal Reserve from 2014 to 2018.
President Donald Trump’s controversial assurance that the national economy would be up and running again by Easter has received significant criticism from both sides of the political aisle as well as from health experts who argue that loosening social distancing would result in even more deaths and greater economic turmoil.
Late on Thursday evening the Senate reached a deal regarding the remaining Presidential nominees waiting to be confirmed. The Senate will now confirm Alejandro Mayorkas, Brian Davis and John Koskinen on Friday and then recess for the Christmas break.
Senate Minority Whip John Cornyn (R-TX) confirmed to his fellow Senate Republicans that there will be a handful of GOP Senators that will stick around and make sure that debate continues for each and every nominee.