Odisha, Dec. 1 -- US President-elect Joe Biden has named ex-Federal Reserve chair Janet Yellen as his nominee for Treasury Secretary, confirmed by the Senate and will be the first woman to hold the post.

According to the BBC report, Biden stated that the team selected will be the set to break many racial boundaries. He has pledged to establish a diverse administration, and even earlier, he appointed an all-female senior press team. Biden's transition team informed that his picks for senior economic positions would help "lift America out of the current economic downturn and build back better".

Even the announcement of the formation of a Presidential Inaugural Committee, which is ahead of his swearing-in is on 20th January. The committee ...