YELLEN TESTIFIES ON TREASURY DEPT OVERSIGHT: Treasury Sec. Janet Yellen is testifying before the House Appropriations Subcommittee on Financial Services on oversight within the Treasury Department. Yellen is currently under fire from both parties for not attending yesterday’s House Small Business Committee hearing on the Paycheck Protection Program. Yellen’s no-show was a ‘complete disregard for the law,’ said committee Chair Rep. Nydia Velazquez (D-NY). ‘While she and her team may believe their role in PPP and other small business COVID relief programs is dwindling as we move towards economic rebirth—they are sorely mistaken.’
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