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Janet Yellen

‘A gift to Putin’: Yellen to hammer Johnson on Ukraine

News: Treasury Secretary Janet Yellen will bash House Republicans today over the chamber’s inaction on aid to Ukraine, according to a copy of Yellen’s remarks we obtained.

The comments will come as Yellen hosts a bilateral meeting at the Treasury Department this morning with German Federal Minister for Economics Affairs and Climate Action Robert Habeck. It also comes just hours before President Joe Biden’s State of the Union address.

Yellen will call on Speaker Mike Johnson “to swiftly pass the Senate’s bipartisan national security supplemental to provide Ukraine with vital military and economic assistance.“

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The former Fed chair will also invoke the death of Russian opposition leader and democratic activist Alexei Navalny and “the courage of thousands of Russian people who stood up to Putin” to attend his funeral earlier this month.

“The House must act and show the strength of the U.S support for Ukraine in the face of Putin’s aggression,” Yellen will say.

Meanwhile in the credit card wars: Leaders representing every commercial airport in South Carolina wrote to Sens. Tim Scott (R-S.C.) and Lindsey Graham (R-S.C.) urging them to reject the Credit Card Competition Act.

Read the letter here, signed by representatives of the Charleston International Airport, Columbia Metropolitan Airport, Florence Regional Airport, GSP International Airport, Hilton Head Island Airport and Myrtle Beach International Airport.

Scott and Graham are an interesting pairing — not least because they both happen to be the top Republicans on each of the committees with a theoretical hand in credit card reform. Scott is the ranking member on the Senate Banking Committee, and Graham is the ranking member on Senate Judiciary.

— Brendan Pedersen

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