Treasury’s Yellen to Stay On at Biden’s Request as Showdown Over Debt Nears
- President asked Yellen in mid-December to remain at Treasury
- Move brings stability ahead of debt fight, recession threat
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President Joe Biden asked Treasury Secretary Janet Yellen to stay in her post, and she agreed, a White House official familiar with the matter said.
Biden made the request in mid-December, the official said. Biden is preparing for turnover in his Cabinet and questions have swirled over how long Yellen would remain in his administration.