A group of 16 senators, along with leaders of a group of House centrists, have engaged with the White House on the aid bill.
Yellen will take the lead in the effort to win Congressional support for Biden's proposed $1.9 trillion economic rescue plan, and increasing the federal minimum wage to $15 an hour
As head of the Treasury, she'll be tasked with shepherding President Joe Biden's $1.9 trillion American Rescue Plan through Congress and overseeing its execution
Yellen's nomination was approved 26-0 in the evenly split committee, with concerns expressed by Republicans about President Joe Biden's ambitious plans
Yellen's Republican predecessor, Steven Mnuchin, was not confirmed until three weeks after Trump's inauguration
Spot gold gained 1.18 per cent to $1,862.10 per ounce by 8.20 pm IST, having risen 1 per cent to a near one-week high earlier
Yellen on Tuesday said pandemic relief would take priority over tax increases
US Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to "act big" on pandemic relief spending
Yellen has told lawmakers that the United States needs to take on Beijing's 'abusive, unfair, and illegal practices'
Yellen said she would work to implement Biden's promise to "oppose any and all the attempts by foreign countries to artificially manipulate currency values to gain an unfair advantage in trade"
Yellen said she agreed that the 2017 corporate tax cut had improved the competitiveness of American businesses, and Biden was not proposing to raising corporate taxes to the pre-2017 level
The Senate Finance Committee's 10 am hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes
Wall Street opens higher ahead of Yellen speech; spotlight on earnings
The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United States does not seek a weaker dollar
The global setting is perfect for equities, but investors should have one eye on factors that could rattle the markets
This three-part series looks at how the US president-elect's squad could influence relations between the two countries
The Biden team is poised to include alumni of finance, venture capital, private equity and asset management
First on the agenda will be recovery from the pandemic. With multiple vaccines in sight, the immediate task is to build a bridge from here to the post-crisis economy
The United States is facing economic crises again and it is essential to move with urgency, Treasury Secretary-nominee Janet Yellen said
In Yellen, Biden will have a battle-tested policy maker who can draw on her nearly two decades at the Fed to help rebuild an economy in dire need of government cash and confidence