Biden expected to tap Janet Yellen as treasury secretary
Biden is expected to name former Federal Reserve Chair Janet Yellen as his pick for treasury secretary sources familiar with the matter told ABC News. Yellen, would be the first woman to serve in the role if confirmed.

As Biden signaled when announcing he had made a decision on who would fill the role, the choice of Yellen is likely to earn approval from progressive Democrats like Sen. Elizabeth Warren, D-Mass., who previously supported Yellen for chair of the Federal Reserve in 2013. In the last few days, leaders of progressive organizations have already signaled that should Warren not be slated for the role, Yellen would be acceptable in their minds.
ABC News has reached out to the Biden transition team for comment. The news was first reported by the Wall Street Journal.
-ABC News' Martha Raddatz, Katherine Faulders, John Santucci and Molly Nagle






