Janet Yellen Treasury
Janet Yellen Treasury

Former Federal Reserve Chair Janet Yellen was confirmed as treasury secretary Monday, with the Senate voting 84-15 to make her the first woman to lead the department.

Yellen steps into the role with some advantages: She is well known and well respected among lawmakers of both parties, and she has experience with enormous economic challenges. Yellen had been expected to be confirmed easily after her nomination passed the Senate Banking Committee on a 26-0 vote Friday.

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