Washington
President-elect Joe Biden on Monday formally picked ex-Federal Reserve chair Janet Yellen to lead the US Treasury. The announcement of Biden’s economic team comes after running mate Kamala Harris made history as the first woman and first person of both African American and South Asian descent to win the vice presidency. If they win Senate approval, Yellen would be the first female Treasury secretary, and be joined in the executive branch by the first African Americans to serve as her deputy and as head of the White House economic council, as well as the first South Asian in a key budget role. “We face great challenges as a country right now. To recover, we must restore the American dream — a society where each person can rise to their potential and dream even bigger for their children,” Yellen tweeted following the announcement. – AFP
