The US Senate votes today to appoint Janet Yellen, the first Secretary of the Treasury

News
Monday, January 25, 2021 - 19:24
Point Trader Group

The US Senate is expected to vote on Monday in favor of appointing Janet Yellen as the first woman to hold the position of Treasury Secretary, to work quickly with Congress on a $ 1.9 trillion rescue package proposed by President Joe Biden to counter the repercussions of the Corona virus.

On Friday, Yellen easily won the unanimous approval of the Senate Finance Committee, indicating that she had enough votes to be approved. Republicans agreed to work with her, despite their concerns

Against Biden’s plans, which include massive spending and an increase in taxes.

The council is due to vote at 17:30 EST (22:30 GMT).

Biden proposes a $ 1.9 trillion plan to mitigate the repercussions of the Corona pandemic and has pledged to invest $ 2 trillion in infrastructure, clean energy projects, education and research to boost states' capacity.

Competitive United.

He said he also plans to raise the corporate tax rate to 28 percent from 21 percent and raise taxes on those earning more than $ 400,000 annually.


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