Sec Yellen, OMB Young, CEA Chair Rouse To Testify To Sen Finance Committee

Treasury Secretary Janet Yellen, Council of Economic Advisers Chair Cecila Rouse, and Office of Management and Budget Director Shalanda Young are shortly due to delivery testimony before the House Appropriations Financial Services Subcommittee.

• Livestream: https://appropriations.house.gov/legislation/heari...
• Yellen told the Senate yesterday: "...the U.S. banking system is sound. The federal government’s recent actions have demonstrated our resolute commitment to take the necessary steps to ensure that depositors’ savings remain safe."
• The three Biden administration officials are likely to take sharper questioning from the Republican-controlled House committee than from yesterday's Democrat-controlled Senate committee with questions lingering over raising federal deposit insurance and legislation to increase oversight.