Biden Economic Team Sees Diverse Picks 11/30 06:16
(AP) -- President-elect Joe Biden is expected in the coming days to name
several of his most senior economic advisers, a group that includes several
liberal economists and policy specialists who established their credentials
during the previous two Democratic administrations.
Biden, who has placed a premium on diversity in his selection of Cabinet
nominees and key advisers, is looking to notch at least a few firsts with his
economic team selections.
The Biden campaign has not yet announced the picks, but these are some of
the individuals he's expected to select to high-profile positions on his
economic team, according to people familiar with the transition process who
were granted anonymity to speak freely about the president-elect's
JANET YELLEN, Treasury secretary
Yellen became Federal Reserve chair in 2014 when the economy was still
recovering from the devastating Great Recession. In the late 1990s, she was
President Bill Clinton's top economic adviser during the Asian financial
crisis. Under Biden she would lead the Treasury Department with the economy in
the grip of a surging pandemic.
If confirmed, Yellen would become the first woman to lead the Treasury
Department in its nearly 232-year history. She would inherit an economy with
still-high unemployment, escalating threats to small businesses and signs that
consumers are retrenching as the pandemic restricts or discourages spending.
NEERA TANDEN, Office of Management and Budget director
Tanden is the president and CEO of the liberal think tank Center for
American Progress. She was the director of domestic policy for the Obama-Biden
presidential campaign, but she first made her mark in the Clinton orbit.
Tanden served as policy director for Hillary Clinton's 2008 presidential
campaign. Before that, she served as legislative director in Clinton's Senate
office and deputy campaign manager and issues director for Clinton's 2000
Senate campaign. She also served as a senior policy adviser in the Bill Clinton
If confirmed, she would be the first woman of color and the first South
Asian woman to lead the OMB, the agency that oversees the federal budget.
BRIAN DEESE, director of the White House National Economic Council
Deese, a former senior economic adviser in the Obama administration and now
the managing director and global head of sustainable investing at BlackRock,
would be the top economic adviser in the Biden White House. He worked on the
auto bailout and environmental issues in the Obama White House, where he held
the title of deputy director of both the NEC and the OMB.
CECILIA ROUSE, chairwoman of the Council of Economic Advisers
Rouse is a labor economist and head of Princeton University's School of
Public and International Affairs. She served on the CEA from 2009 to 2011, and
served on the NEC from 1998 to 1999 in the Clinton administration.
Notably, she organized a letter earlier this year signed by more than 100
economists calling for more government action to mitigate the fallout for
Americans caused by the coronavirus pandemic.
Rouse, who is Black, would be the first woman of color to chair the CEA.
Biden is also expected to name Heather Boushey, the president and CEO of the
Washington Center for Equitable Growth, and Jared Bernstein, who served as an
economic adviser to Biden during the Obama administration, to serve on the
council. Both Boushey and Bernstein advised Biden during the presidential