Biden expected to tap history-making pick, Janet Yellen, for Treasury Department

President-elect Joe Biden is expected to name Janet Yellen as his pick for treasury secretary, sources familiar with the matter told ABC News.

If confirmed by the Senate, Yellen, 74, will be the first woman to hold the top job.

Biden’s selection of Yellen is a signal of stability at a time of economic fragility amid the ongoing coronavirus pandemic.

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