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President-elect Joe Biden has named Janet Yellen as his nominee for Secretary of the Treasury. Yellen was the chairwoman of the Federal Reserve from 2014 to 2018, and she would be the 78th Treasury Secretary and first woman to hold the position if confirmed by the U.S. Senate. The Treasury Secretary oversees the Internal Revenue Service (IRS), which administers the Low-Income Housing Tax Credit (LIHTC) program.
