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Politics Biden Rolls Out Economy Team Amid Alarm Over Worsening Pandemic

19:35  01 december  2020
19:35  01 december  2020 Source:   bloomberg.com

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The team 's makeup reinforces Biden 's view that a more aggressive approach to the pandemic is required. But after the caliber of nominees that this Republican majority confirmed over the past four years, it will be impossible – impossible – to take them seriously," Schumer said on the Senate floor

U.S. President-elect Joe Biden will formally introduce his top economic policy advisers on Tuesday as his administration prepares to take power amid a slowing economic recovery hampered by the resurgent coronavirus pandemic . Biden will appear at an event in his hometown of Wilmington

(Bloomberg) -- President-elect Joe Biden will introduce his economic team on Tuesday led by his pick for Treasury secretary, Janet Yellen, and several others who will be critical to crafting the incoming administration’s response to the economic fallout from the coronavirus pandemic.

Yellen will join Biden and Vice President-elect Kamala Harris at an afternoon event in Wilmington, Delaware, as will Neera Tanden, who Biden intends to nominate to run the Office of Management and Budget, and Cecilia Rouse, his intended nominee to lead the Council of Economic Advisers.

Other nominees include Adewale Adeyemo, president of the Obama Foundation and a former senior adviser at BlackRock Inc., to be deputy Treasury secretary, and two progressive economists to be named to the CEA: Jared Bernstein and Heather Boushey.

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The team 's makeup reinforces Biden 's view that a more aggressive approach to the pandemic is Cyber Monday 2020 may be over , but the deals aren't—all the best things you can still get on sale Factory activity in some of the region’s biggest export-led economies including South Korea and

With unemployment still high and the pandemic threatening yet another economic slump, President-elect Joe Biden is assembling a team of liberal advisers who have long focused on the nation’s workers and government efforts to address economic inequality. Janet Yellen, announced Monday as Biden ’s

“As we get to work to control the virus, this is the team that will deliver immediate economic relief for the American people during this economic crisis and help us build our economy back better than ever,” Biden said in a Monday statement.

All six will need to be confirmed by the Senate, control of which hangs in the balance until Jan. 5, when Georgia holds runoff elections for its two seats. Republicans have largely responded politely to Biden’s selection of Yellen, who in 2014 was confirmed 56-26 to a four-year term chairing the Federal Reserve board. But they’ve already set their sights on Tanden, who as president of the liberal Center for American Progress hasn’t shied away from fights with Republicans and even some progressives on cable TV and on Twitter.

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WILMINGTON, Del. — With unemployment still high and the pandemic threatening yet another economic slump, President-elect Joe Biden is assembling a team of liberal advisers who have long focused on the nation’s workers and government efforts to address economic inequality.

The moves come as Biden 's transition team lays groundwork -- if Biden defeats President Donald Trump this fall -- for government appointments and actions nearly five months away amid rapidly evolving health and economic crises and a national reckoning over racial injustice.

Janet Yellen posing for the camera: Fed Chair Janet Yellen Holds News Conference Following FOMC Meeting © Photographer: Bloomberg/Bloomberg Fed Chair Janet Yellen Holds News Conference Following FOMC Meeting

Janet Yellen

Photographer: Andrew Harrer/Bloomberg

Read More: Biden Stokes First Nomination Fight With Pick for Budget Chief

South Carolina Senator Lindsey Graham, likely to be chairman of the Budget Committee if Republicans keep the majority, on Monday predicted an “uphill” battle for Tanden. “We’ll cross that bridge when we get there,” he said. “She had a lot to say. Going to be a long hearing.”

Biden has also selected Brian Deese, a BlackRock executive who spent eight years as an Obama economic and climate policy aide, to direct the National Economic Council. His appointment to the White House job, which does not require Senate confirmation, will not be formally announced until later in the week, a person familiar with the plan said.

The choices show Biden turning to experienced Washington hands as he begins building his economic team, with an eye toward racial and gender diversity.

Joe Biden’s foreign policy vision takes shape as he selects his team

  Joe Biden’s foreign policy vision takes shape as he selects his team Biden’s foreign policy team is predictable. That’s not a bad thing.“It’s a team that will keep our country and our people safe and secure,” Biden said Tuesday, introducing his nominees. “And it’s a team that reflects the fact that America is back.

U.S. President-elect Joe Biden on Wednesday pleaded with Americans to take steps to remain safe as COVID-19 cases surge on the eve of the Thanksgiving holiday and pledged again to make combating the pandemic a top priority when he takes office in January.

With the economy still reeling from the impacts of the Covid-19 pandemic , SE Cupp discusses how the US can start piecing it back together with economics professor President-elect Biden names senior members of economic team . Iran's leader threatens retaliation over killing of top nuclear scientist.

If confirmed by the Senate, Biden’s initial economic picks would include multiple firsts. Yellen would be the first woman to lead the Treasury Department, Rouse would be the first African American to chair the CEA and Tanden would be the first Indian-American to lead OMB.

Neera Tanden holding a sign in front of a crowd © Photographer: Larry French/Getty Images North America

Neera Tanden

Photographer: Larry French/Getty Images

Tanden worked on the Obama administration’s health-care policy efforts that culminated in the passage of the Affordable Care Act. Rouse also sat on the CEA and is currently dean of Princeton University’s School of Public and International Affairs.

Adeyemo would bring international economic experience to the Biden team, complementing Yellen’s more domestic focus over the course of her academic and government career. He was deputy chief of staff to Jack Lew when he was Treasury secretary and was the first chief of staff of the Consumer Financial Protection Bureau under Elizabeth Warren.

Bernstein was Biden’s chief economic adviser in the White House during Obama’s first term, and was an outside adviser to his presidential campaign, as was Boushey, who runs the Washington Center for Equitable Growth, and has advocated for paid parental leave and raising the minimum wage.

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Biden set to announce his economic team led by Janet Yellen, who face a dark winter outlook, split Congress .
President-elect Joe Biden is set to announce his economic team Tuesday. What proposals can they push through a split Congress?Analysts expect stiff resistance from a split Congress whose Republicans are reluctant to further swell the massive deficit.

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