This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/usa/513015-janet-yellen-hearing-sanctions/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Biden’s Treasury pick Yellen urged to use sanctions MORE AGGRESSIVELY than Trump administration | Biden’s Treasury pick Yellen urged to use sanctions MORE AGGRESSIVELY than Trump administration |
| (7 months later) | |
| Janet Yellen, Biden’s pick to lead the Treasury Department, has been urged by the Democrats to sanction the US’ adversaries even more aggressively than the Trump administration. She said she already has her sights set on China. | Janet Yellen, Biden’s pick to lead the Treasury Department, has been urged by the Democrats to sanction the US’ adversaries even more aggressively than the Trump administration. She said she already has her sights set on China. |
| In a Senate Finance Committee hearing on Tuesday, Yellen spoke in favor of ?joe Biden’s proposed “fair and progressive tax code,” which Republicans have warned would raise the tax burden on the US’ already squeezed middle class. She also spoke of the need to “go big” with economic stimulus and unemployment benefits. | In a Senate Finance Committee hearing on Tuesday, Yellen spoke in favor of ?joe Biden’s proposed “fair and progressive tax code,” which Republicans have warned would raise the tax burden on the US’ already squeezed middle class. She also spoke of the need to “go big” with economic stimulus and unemployment benefits. |
| However, Yellen was also urged to “go big” in exercising the Treasury Department’s power to sanction the US’ foreign adversaries. “The Trump administration failed to be as aggressive on sanctions,” Washington Senator Maria Cantwell (D-WA) claimed, before telling Yellen, “I want to be sure you use that as an economic tool." | However, Yellen was also urged to “go big” in exercising the Treasury Department’s power to sanction the US’ foreign adversaries. “The Trump administration failed to be as aggressive on sanctions,” Washington Senator Maria Cantwell (D-WA) claimed, before telling Yellen, “I want to be sure you use that as an economic tool." |
| The Trump administration extensively sanctioned Russia, Iran, Venezuela, North Korea, Turkey, and a host of other individuals, businesses, and governments it deemed unsavory. Far from being shy to sanction foreigners, the Trump-era Treasury, under Steven Mnuchin, issued so many sanctions that even the hawkish neoconservatives over at Foreign Policy magazine warned of a “growing geopolitical backlash.” | The Trump administration extensively sanctioned Russia, Iran, Venezuela, North Korea, Turkey, and a host of other individuals, businesses, and governments it deemed unsavory. Far from being shy to sanction foreigners, the Trump-era Treasury, under Steven Mnuchin, issued so many sanctions that even the hawkish neoconservatives over at Foreign Policy magazine warned of a “growing geopolitical backlash.” |
| Former UN official and human rights lawyer Alfred-Maurice de Zayas has called sanctions a form of terrorism, stating that they “invariably impact, directly or indirectly, the poor and vulnerable.” In Venezuela alone, the Center for Economic and Policy Research estimated that sanctions could be directly linked to 40,000 deaths between 2017 and 2018. | Former UN official and human rights lawyer Alfred-Maurice de Zayas has called sanctions a form of terrorism, stating that they “invariably impact, directly or indirectly, the poor and vulnerable.” In Venezuela alone, the Center for Economic and Policy Research estimated that sanctions could be directly linked to 40,000 deaths between 2017 and 2018. |
| Should Yellen be confirmed, her use of sanctions will be dictated by the foreign policy of the Biden administration at large. Biden has thus far packed his State Department with Obama administration alumni, many of whom favor an interventionist foreign policy. | Should Yellen be confirmed, her use of sanctions will be dictated by the foreign policy of the Biden administration at large. Biden has thus far packed his State Department with Obama administration alumni, many of whom favor an interventionist foreign policy. |
| Yellen did, however, say that her department will be taking aim at Beijing. Speaking to Senator Ron Wyden (D-OR), Yellen said she was prepared to use a “full array” of tools to combat what she called China’s “illegal, unfair, and abusive” economic policies. | Yellen did, however, say that her department will be taking aim at Beijing. Speaking to Senator Ron Wyden (D-OR), Yellen said she was prepared to use a “full array” of tools to combat what she called China’s “illegal, unfair, and abusive” economic policies. |
| Think your friends would be interested? Share this story! | Think your friends would be interested? Share this story! |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |