WASHINGTON — Treasury Secretary Janet Yellen was pushed by legislators from both sides of the aisle Wednesday to strengthen moves to cut off financial links with Russia, and was queried on the Biden administration’s readiness to impose sanctions on China in the event it moved aggressively toward Taiwan.
In a three-plus hour hearing at the House Financial Services Committee, Yellen got an earful of concerns — and voiced many of her own — about the two largest global rivals to the U.S.
The Treasury chief said U.S. officials wouldn’t take part in some Group of 20 meetings this year if Russia were allowed to participate. A spokesperson later clarified that she was referring to a gathering of finance ministers scheduled for this month in Washington.
