U.S. treasury nominee Adeyemo to be grilled by Senate today

Nominee for the United States treasury’s deputy secretary position, Wally Adeyemo, has pledged to fight unfair economic practices in China and other countries with unfavourable economic policies if confirmed, Voice of America Reports.
He will be grilled on his views on U.S. policy toward China, currently the subject of a comprehensive review by President Joe Biden’s administration when he appears before the Senate Finance Committee on Tuesday.
“Treasury’s tools must play a role in responding to authoritarian governments that seek to subvert our democratic institutions; combating unfair economic practices in China and elsewhere; and detecting and eliminating terrorist organizations that seek to do us harm,” Mr. Adeyemo said in prepared remarks seen by Reuters.
The Nigerian-born American promised to focus on boosting U.S. competitiveness, reclaiming America’s credibility as a global leader, and protecting U.S. citizens from threats when confirmed for the number two job at the U.S treasury.
“We need to work with Congress and strategically use the Treasury Department’s tools to protect our citizens from threats, foreign and domestic,” Mr. Adeyemo added.
“Taking steps to ensure that all Americans share in our prosperity is not only a moral imperative, it is essential to our long-term economic growth.”
He also identified the COVID-19 pandemic as the most immediate threat to U.S prosperity, saying that economic policies must focus on providing relief to those harmed by the health crisis, especially those in low-income communities.
As the Deputy Secretary of the U.S treasury, Mr. Adeyemo will be saddled with the vital role of building the country’s economic policies and will oversee the vast power of the Treasury from financial regulation to relief for everyday Americans and sanctions on foreign governments.
When confirmed, Mr. Adeyemo, who served as a deputy national security adviser under the Barack Obama administration, will make history as the first Black deputy secretary of the U.S. Treasury.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Residents beg for help as flood overruns Plateau community
Some of the residents told the Peoples Gazette that the community has been battling flooding for some years.

Heading 4
Court grants N100 million bail to ex-CCT chairman Danladi Umar who tried Tinubu for assets fraud
The court, however, ordered that the former CCT chairman be remanded at Kuje Correctional Centre until he fulfils the bail conditions.

NationWide
FHC chief judge amends 2026 pre-election rules ahead 2027 pollsÂ
The Director of Information of the court, Catherine-Oby Christopher, made this known in a statement on Wednesday in Abuja.

States
Ibadan man pleads guilty of stealing spaghetti, milk, soap, other items worth N750,000
Adeyemo was charged with conspiracy, shop breaking and stealing, to which he pleaded guilty.

Economy
Stock market rebounds, gains N720 billion
The Nigerian stock market rebounded on Tuesday, with investors gaining N720 billion as renewed buying interest lifted key performance indicators.

Africa
UN special agent briefs Security Council on insecurity in Nigeria
On Tuesday, Leonardo Simão briefed the Security Council on political and security developments in Nigeria, West Africa, and the Sahel.





