Mar. 16, 2023: Yellen gears up for a Senate grilling

All eyes will be on Treasury Secretary Janet Yellen today as she testifies before the Senate Finance Committee at 10 a.m.. 

Yellen’s appearance was originally scheduled to discuss the Biden budget. But after the weekend rescue of Silicon Valley Bank, this will be senators’ first chance to cross-examine Yellen about the controversial actions she took on Sunday in concert with her colleagues at the Fed and FDIC.

Not everything will be about SVB, but the Biden team’s response to the bank failures will dominate the meeting. And she is likely to feel the populist outrage bubbling up in Congress from both Democrats and Republicans. 

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Raghu Manavalan is the host and senior editor of POLITICO's Playbook Daily Briefing.
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