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The Finance Committee of the U.S. Senate held a hearing on the 22nd to review the appointment of the Secretary of the Treasury.

Japan and the United States finance ministers held telephone talks to confirm close cooperation to get out of the crisis.

Yellen. Picture/People's Vision

January 21 According to a “Central News Agency”, a source in the U.S. Congress said that the Finance Committee of the U.S. Senate is scheduled to hold a hearing on the 22nd to review the appointment of former Federal Reserve Chairman Yellen as Secretary of the Treasury, so as to increase the possibility of obtaining passage by the Senate later that day.

It is reported that the Biden administration is urging the Senate to quickly pass important cabinet personnel appointments to accelerate the fight against the coronavirus epidemic and advance the economic relief bill.

While the Senate continued to consider Yellen’s appointment, the Treasury Department appointed several senior financial officials on the 20th, which did not need to be confirmed by the Senate.

Yellen called on congressmen on the 19th to “take bold action” on the expenditure of the anti-epidemic relief, insisting that the economic benefits of this far outweigh the risk of increasing debt.

The members of the committee must submit questions related to the Yellen appointment hearing before the evening of the 20th local time, forcing Yellen to respond, and thus pressure the Senate to pass the appointment before the members return home at the weekend.

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