The daily business briefing: January 20, 2021

Yellen faces little opposition in Senate hearing, Netflix surpasses 200 million subscribers, and more

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1. Yellen sails through Senate hearing

Janet Yellen, President-elect Joe Biden's treasury secretary nominee, breezed through a key Senate hearing on Tuesday. The former Federal Reserve chair, who would be the first woman to run the Treasury Department, told members of the Senate Finance Committee that the federal government's priority at the start of the Biden administration should be helping Americans weather the coronavirus crisis. "The focus right now is on providing relief and helping families keep a roof over their heads and food on the table and not raising taxes," she said. Some senators expressed concerns about the repercussion for the massive deficits prompted by the pandemic, and about their expectations of higher taxes on the rich and corporations. Still, there were no signs of significant opposition to Yellen's confirmation.

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