On Wednesday, the Chairman US Senate Committee on Finance Chuck Grassley said the panel would consider President-elect Joe Biden’s nominee for treasury secretary, Janet Yellen, next week ahead of Inauguration Day.

Point to be noted that she was confirmed in 2014 as chair of the Federal Reserve.

She received 26 votes from senators and 19 of them are still in the upper chamber of US Congress.

There were 18 senators not voting and 12 of them are still sitting senators, and only 3 lawmakers crossed party lines to vote in favor of her nomination, including Sens.

Susan Collins of Maine, Lisa Murkowski of Alaska, and Richard Burr of North Carolina.Yellen has a long history of serving under Democratic administrations.

Yellen was appointed to help guide the US economy following the 2008 financial crisis.

On Tuesday, US Senate has confirmed Shalanda Young (63-37 vote) to be deputy director of the Office of Management and Budget.

She has received bipartisan honor from members of the US Congress over her work as the Democratic staff director for the House Appropriations Committee.

Point to be noted that Young will be the first Black woman director of OMB.

They issued a statement and cited Young’s “intellect, deep expertise on the federal budget and her determination to ensure that our budget reflects our values as a nation”.

But some Asian American groups are now looking for Nani Coloretti.

She served as deputy secretary of Housing and Urban Development in the Obama administration.It is noteworthy that they are frustrated by the lack of Asian American and Pacific Islander representation in the Cabinet.

Our authentic sources have confirmed that attorneys general from 13 US States sued the Biden administration over a key element of the recently enacted $1.9 trillion coronavirus relief law.

The lawsuit was filed in a US District Court in Alabama and asks judges to strike down a provision in the American Rescue Plan.

The plan bars state governments from using the roughly $195 billion in federal funding to either directly or indirectly offset a reduction in the net tax revenue and the restriction could apply through 2024.

Attorney General of West Virginia, Steve Morrisey said, “Never before has the federal government attempted such a complete takeover of state finances.

Yellen said the law is not designed to be a blanket moratorium on tax cuts and suggested states could lower rates without using the stimulus aid to fund the reduction.

But, Morrisey argued the word indirectly in the law could be interpreted in a way that prevents states from implementing tax reductions.Morrisey said, “This ensures our citizens aren’t stuck with an unforeseen bill from the feds years from now”.