Treasury Secretary

U.S. Government

Yellen urges Congress to do more to fight pandemic recession

Treasury Secretary nominee Janet Yellen is calling on Congress to do more to fight a deep pandemic-induced recession, saying the threats of a longer and even worse downturn are too great to cut back on support now. “Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy

COVID-19

New White House offer adds $600 checks to COVID-19 relief

The Trump administration dove back into Capitol Hill’s confusing COVID-19 negotiations on Tuesday, offering a $916 billion package to House Speaker Nancy Pelosi that would send a $600 direct payment to most Americans — but eliminate a $300 per week employment benefit favored by a bipartisan group of Senate negotiators. Treasury Secretary Steven Mnuchin made

Financial

Awaiting Yellen at Treasury: Yet another daunting crisis

Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden’s apparent choice for treasury secretary, served on the Federal Reserve’s policymaking committee during the 2008-2009 financial crisis that nearly toppled the banking system. She became Fed chair in 2014 when the

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