Drudge Retort: The Other Side of the News
Tuesday, November 24, 2020

She would be the first woman chosen as Treasury Secretary. Her four-year tenure at the helm of the Fed, marked by an improving jobs market and historically low interest rates, may also boost her odds for confirmation.



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"If he [Biden] is elected, the stock market will crash," Trump said.

Markets cheer Yellen pick for Treasury, seeing her focus on fixing the economy and not politics|twitter&par=sharebar

#1 | Posted by Gal_Tuesday at 2020-11-23 09:04 PM | Reply | Newsworthy 1

Elizabeth Warren @SenWarren

Janet Yellen would be an outstanding choice for Treasury Secretary. She is smart, tough, and principled. As one of the most successful Fed Chairs ever, she has stood up to Wall Street banks, including holding Wells Fargo accountable for cheating working families.

For the past four years, Secretary Mnuchin has catered to the wealthy and well-connected, while struggling families and small businesses were left behind. I'd look forward to working with Secretary Yellen to strengthen our economy, tackle inequality, and protect consumers.

#2 | Posted by Gal_Tuesday at 2020-11-24 08:08 AM | Reply | Newsworthy 2

Trumps tractor beam of stupidity has rendered the GOP impotent and incapable of acting as an opposition party
They are in a state of paralysis unable to refute appointments with their usual slander and hyperbole
The rank and file are in for a sobering reality once the trump fever breaks

You dweebs built that

#3 | Posted by ChiefTutMoses at 2020-11-24 08:43 AM | Reply

Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach

...Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use.

Mnuchin plans to place the money into the agency's General Fund, a Treasury Department spokesperson said Tuesday. That fund can only be tapped with "authority based on congressionally issued legislation," according to the Treasury's website.

The money includes $429 billion that Mnuchin is clawing back from the Federal Reserve -- which backed some of the central bank's emergency lending facilities -- and $26 billion that Treasury received for direct loans to companies. Both initiatives were created under the sweeping Cares Act that was passed earlier this year as the coronavirus pandemic inflicted economic pain on the U.S....

#4 | Posted by LampLighter at 2020-11-24 03:30 PM | Reply

Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach

What an evil f***

#5 | Posted by AMERICANUNITY at 2020-11-24 03:34 PM | Reply | Newsworthy 1

Mnuchin's actions make perfect sense.

Trump and administration are doing everything they can to hamstring Biden over the next four years.

#6 | Posted by ClownShack at 2020-11-24 03:49 PM | Reply | Newsworthy 1

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