Yellen Discusses Treasury Responsibilities With Nominee Scott Bessent

According to Odaily, U.S. Treasury Secretary Janet Yellen has engaged in discussions with Scott Bessent, the nominee for Treasury Secretary proposed by former President Donald Trump. The conversation focused on the extensive responsibilities of the Treasury Department. Yellen emphasized the importance of integrity and the capability to conduct reliable analyses within the department's professional staff. Yellen also expressed her concerns regarding fiscal responsibility, highlighting the need to reduce the national deficit. She conveyed her hope that Congress will find a way to fund any extensions of the individual tax cuts enacted under Trump's administration in 2017. This dialogue underscores the ongoing focus on fiscal policies and the challenges of managing the nation's finances effectively.