Department of Treasury

"A well-functioning tax system requires that everyone pays the taxes they owe."

"I think we know what those needs are and we need to act forcefully."

The Treasury needs more time to evaluate its position on the taxes.

Senate Majority Leader Chuck Schumer said Yellen had made history for a second time, seven years after she became the first woman to chair the Federal Reserve.

"The Treasury Department is taking steps to resume efforts to put Harriet Tubman on the front of the new $20 notes."

They "are taking all necessary steps to identify and remedy any possible issues related to this situation."

"This is a huge cyber espionage campaign targeting the U.S. government and its interests."

"SBA's historically successful COVID relief loan programs have helped millions of small businesses and tens of millions of American workers when they needed it most."

"I pledge as treasury secretary to work every day towards rebuilding their dream for all Americans."

Biden named leading members of an economic team.

"It is my hope that... Congress will show similar trust in Treasury and Federal Reserve leadership in the future."

A spokesman for Biden's transition team declined to comment. Yellen, reached by phone, also declined to comment.

"You'll soon hear my choice for Treasury, we've made that decision."

"It is apparent Congressional action is needed for the true streamlined forgiveness mom-and-pop businesses need."

Mnuchin explained why the payroll tax cut would not be the best solution for the current situation.

Mnuchin discussed possible changes to improve enhanced unemployment benefits.

The $521.4 billion in approved loans to employers so far has supported some 51.1 million jobs.

Mnuchin is announcing plans to speed up the disbursement of stimulus payments.

"It is larger than what we would typically do in a year."

SBA will release $310 billion in funds.