Biden Economic Team Sees Diverse Picks 11/30 06:16

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 
deliberations:

   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 
administration.

   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 
campaign.

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