WILMINGTON, Del./WASHINGTON: U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary, putting a woman in the job for the first time, according to two Democratic allies.
With Yellen, 74, Biden has chosen an experienced policymaker respected by Congress, international finance officials, progressives and business interests, and one that has called for opening fiscal spending taps to boost economic recovery.
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