WASHINGTON – Today, President-elect Joe Biden announced key members of his economic team, including Janet Yellen, Secretary of the Treasury; Neera Tanden, Director of the Office of Management and Budget; Wally Adeyemo, Deputy Secretary of the Treasury; Cecilia Rouse, Chair of the Council of Economic Advisers; and Jared Bernstein and Heather Boushey, members of the Council of Economic Advisers.
This crisis-tested team will help President-elect Joe Biden and Vice President-elect Kamala Harris lift America out of the current economic downturn and build back better — creating an economy that gives every single person across America a fair shot and an equal chance to get ahead. These choices reflect the president-elect’s commitment to building an administration that looks like America, drawing on the diverse backgrounds and lived experiences of some of our nation’s foremost economic experts.
President-elect Joe Biden said, “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. This team is comprised of respected and tested groundbreaking public servants who will help the communities hardest hit by COVID-19 and address the structural inequities in our economy. They will work tirelessly to ensure every American enjoys a fair return for their work and an equal chance to get ahead, and that our businesses can thrive and outcompete the rest of the world. This team looks like America and brings seriousness of purpose, the highest degree of competency, and unwavering belief in the promise of America. They will be ready on day one to get to work for all Americans.”
Vice President-elect Kamala Harris said, “President-elect Biden and I have said that our top priorities upon entering the White House are getting this virus under control and opening our economy responsibly. The outstanding economic team that President-elect Biden is bringing together will help us deliver on our commitment. They are not only some of America’s most brilliant economic minds, they are also proven leaders who reflect the very best of our country. And they share a fundamental commitment to ending this economic crisis and putting people back to work, while rebuilding our economy in a way that lifts up all Americans. With the selection of these crisis-tested public servants, the American people are getting the economic team they need — and deserve.”
This distinguished slate of nominations and appointments includes several historic trailblazers:
- Janet Yellen is nominated to serve as Secretary of the Treasury. If confirmed, she will be the first woman to lead the Treasury Department in its 231-year history, and the first person to have served as Treasury Secretary, Chair of the Council of Economic Advisers, and Chair of the Federal Reserve. She has previously been confirmed by the Senate on four separate occasions.
- Neera Tanden, whose career has focused on pursuing policies designed to support working families, foster broad-based economic growth, and curb rampant inequality, is nominated to serve as Director of the Office of Management and Budget. If confirmed, Tanden would be the first woman of color and first South Asian American to lead the OMB.
- Wally Adeyemo, a veteran of the Executive Branch and expert on macro-economic policy and consumer protection with deep national security experience, is nominated to serve as Deputy Secretary of the Treasury, having previously served as Deputy Director of the National Economic Council, Deputy National Security Advisor, and the first Chief of Staff of the Consumer Financial Protection Bureau. If confirmed, Adeyemo would be the first African American Deputy Secretary of the Treasury.
- Cecilia Rouse, a leading labor economist and the Dean of the Princeton School of Public and International Affairs, is nominated to serve as Chair of the Council of Economic Advisers, having previously been confirmed by the Senate as a member of the CEA in 2009. If confirmed, she will become the first African American and just the fourth woman to lead the CEA in the 74 years of its existence.
- Jared Bernstein, who previously served as Chief Economist to President-elect Biden in the first years of the Obama-Biden Administration, will serve as a member of the Council of Economic Advisers.
- Heather Boushey, a distinguished economist focused on economic inequality and the President, CEO, and co-founder of the Washington Center for Equitable Growth, will serve as a member of the Council of Economic Advisers.
The following White House announcements were made today:
Janet Yellen, Secretary of the Treasur
Janet Yellen served as the 15th Chair of the Federal Reserve, the first woman to lead America’s central banking system since its creation. Among the most accomplished and decorated economists in modern history, if confirmed, she will become the first woman to lead the Treasury Department in its 231 years of existence, and the first person to ever serve as Treasury Secretary, Chair of the Federal Reserve, and Chair of the Council of Economic Advisers.
Prior to her leadership of the Federal Reserve, Yellen served as the body’s Vice Chair from 2010 to 2014 following an earlier term on the Federal Reserve Board of Governors and as President of the Federal Reserve Bank of San Francisco. She served as Chair of the Council of Economic Advisers under President Clinton, has held a litany of high-profile leadership roles with national and international economics organizations, and has forged a prolific career as a professor of economics, including as a faculty member at the University of California at Berkeley for the last 40 years. Born and raised in Bay Ridge, Brooklyn, Yellen received her bachelor of arts degree from Brown University and her Ph.D. in economics from Yale University.
Neera Tanden, Director of the Office of Management and Budget
Neera Tanden currently serves as President & CEO of the Center for American Progress, an organization dedicated to advancing policies that increase opportunity for every American. A veteran of multiple presidential administrations, Tanden has been a leading architect and advocate of policies designed to support working families, foster broad-based economic growth, and curb inequality throughout her career. Her experience as a child relying on food stamps and Section 8 housing — a social safety net that offered her single mother the foundation she needed to land a good job and punch her family’s ticket to the middle class — instilled in her the true necessity of an economy that serves the dignity and humanity of all people. If confirmed, Tanden would be the first woman of color and the first South Asian American to lead the OMB.
Prior to her tenure as President & CEO, Tanden held the post of Chief Operating Officer at the Center for American Progress. She currently serves on the New Jersey Restart and Recovery Commission, and previously served as senior adviser for health reform at the U.S. Department of Health and Human Services developing policies and provisions of the Affordable Care Act, as director of domestic policy for the first Obama-Biden presidential campaign, and in a variety of other roles in government and on the campaign trail. A native of Bedford, Massachusetts, Tanden received her bachelor of science degree from UCLA and her JD from Yale Law School.
Wally Adeyemo, Deputy Secretary of the Treasury
Wally Adeyemo currently serves as the president of the Obama Foundation, the non-profit organization founded by former President Barack Obama and First Lady Michelle Obama to continue their work in service to their community, our nation, and the world. A leader with deep experience across both the economic and national security space, Adeyemo has served as a trusted adviser to the country’s foremost policymakers in times of crisis.
During the Obama-Biden Administration, Adeyemo served as the President’s senior international economic adviser and held a broad range of posts, including Deputy National Security Advisor, Deputy Director of the National Economic Council, the first chief of staff of the Consumer Financial Protection Bureau, and senior advisor and deputy chief of staff at the Department of the Treasury. Before and after his service in the Obama-Biden Administration, he has advised a range of leading non-profit and private sector organizations, including the Center for Strategic & International Studies. Born in Nigeria and raised in southern California’s Inland Empire, Adeyemo received his bachelor of arts degree from the University of California at Berkeley and his JD from Yale Law School. If confirmed, Adeyemo would be the first African American Deputy Secretary of the Treasury.
Cecilia Rouse, Chair of the Council of Economic Advisers
Cecilia Rouse currently serves as Dean of the Princeton School of Public and International Affairs. If confirmed, she will become just the first African American and just the fourth woman to lead the CEA in the 74 years of its existence. A renowned labor economist with expertise centered in the economics of education and equality, she is an accomplished leader who has held prominent roles across academia and government service.
Before taking on her current role as Dean in 2012, Rouse served as a member of the Council of Economic Advisers in the Obama-Biden Administration and on the National Economic Council in the Clinton Administration as Special Assistant to President Clinton. Rouse joined the Princeton faculty in 1992 and has authored landmark papers on a variety of economic policy issues. Originally from California, Rouse received her bachelor of arts degree and her Ph.D. in economics from Harvard University.
Jared Bernstein, Member of the Council of Economic Advisers
Jared Bernstein served as chief economist to then-Vice President Biden in the Obama-Biden Administration before joining the Center on Budget and Policy Priorities, where he has served as a senior fellow since 2011. A former social worker, Bernstein has a long and distinguished track record devising economic policies that expand opportunity for working Americans.
Bernstein has previously served as Executive Director of the White House Task Force on the Middle Class and as an economic advisor to President Obama; prior to his service in the Obama-Biden Administration, he was a senior economist and director of the Living Standards Program at the Economic Policy Institute, and served as Deputy Chief Economist at the U.S. Department of Labor under President Clinton. In addition to authoring numerous books, Bernstein has been a regular commentator on economic issues for leading national print and television outlets, including The Washington Post and CNBC. Bernstein received his bachelor’s degree from the Manhattan School of Music, his master of social work degree from Hunter College, and his Ph.D. in social welfare from Columbia University.
Heather Boushey, Member of the Council of Economic Advisers
Heather Boushey is a long-time economic counselor to President-elect Biden and currently serves as President & CEO of the Washington Center for Equitable Growth, a non-profit research and grantmaking organization she co-founded in 2013. An expert on the impact of structural inequities on economic growth, she is a leading voice on matters of economic policy.
Boushey served as chief economist for Secretary of State Hillary Clinton’s 2016 presidential transition team, and previously served as an economist for the Center for American Progress, the Joint Economic Committee of the U.S. Congress, the Center for Economic and Policy Research, and the Economic Policy Institute. She currently sits on the board of the Opportunity Institute, is a senior fellow at the Schwartz Center for Economic and Policy Analysis at the New School for Social Research, and serves as an Associate Editor for Feminist Economics. Born and raised in the Seattle area, Boushey received her bachelor of arts degree from Hampshire College and her Ph.D. in economics from the New School for Social Research.
For Leftists to remain in denial much longer portends an ominous trend. I fear that these people have been brainwashed.
Russia, Russia, Russia
Those on the Left continue to regard obvious Democrat election fraud as a lie, ‘Russian disinformation,’ or Trumpist propaganda. Why? The ‘mainstream’ media has a monopoly on the news to which those on the Left are exposed.
Democrats and those on the Left already know that they have lost the presidency. That is why the ‘mainstream’ media is pushing so hard and so fast in articles and features, around the clock, portraying Joe Biden as the president-elect.
Trump won the election don’t give up if it takes a war to have a fair election let’s get started
Biden, and Harris likely included, know that it’s merely a matter of weeks before the massive Democrat election and voter fraud is exposed, particularly in the six swing states of Wisconsin, Michigan, Pennsylvania, Georgia, Arizona, and Nevada, but perhaps
elsewhere.
Looks like the Bot is expanding his scope, from just the Whiners Den. Just the same old B.S. from an old man! Nice job of cut and paste too.
Well this is NIT
BIDEN RELEASES HIS ECONMIC PLAN.
-Spend money that doesn’t exist
-Buy from China
-Give money to Iran
-Be in bed by 4 PM
It’s going to take everything everybody can do to dig us out of the record multi-TRILLION dollar debt hole that Trump and his billionaire boys club sunk us into. They’re the ones who spent all of that, and they spent it on themselves.
Barack Hussein Obummer was the debt KING! He had to raise the debt ceiling, all the while ruing our country’s economy. Look it up. He tripled the amount from any other president in the modern era.
And he is one of the main ventriloquists with his hand up the dummy Biden’s a$$.
When Obama came into office our economy was in a recession almost as bad as the crash of 1929. He did add a great deal to the debt but his ractions were much more reasonable than the past 4 years. By the time he leaves office, Trump will have added over $6.7 trillion to our debt and that is in 4 years. Obama added $8.6 trillion in 8 years including aiding the recovery from the Republican rule of the early 21st century. The Republicans added to the debt during junior’s term as President despite the fact our economy was running smoothly under Clinton and continued to do so in the early Bush years. By the way, GWB added over $5 1/2 trillion to the debt.
Took your advice , looked it up . In 4 years Trump outspent any 4 years Obama was in office. Thanks for the suggestion ! you Republicans are really smart , who knew?
Back to watching the View, I am sure that is where your information is gathered.
Oh my, you may want to check into which administration doubled the national debt before you go throwing stones at Trump. And look at where unemployment was prior to Covid, all of those new jobs that O claimed would never come back were coming back. And of course if people are working, yes more taxes are collected. Use your brain..
If bullchit were music Joe could out preform Meridith Wilson.
I am sure every morning he will call Barack and get his instructions for the day.
How sad is this, 8 years of crap giving away our manufacturing and bowing to nut jobs in other countries and were going to do it all again.
And lets do it again,, crazy man crazy.
Not nearly as good as the Chinese tariffs is it ?
Who pays for Chines tariffs anyway ? We do the consumer !!!! Yippeee news flash Trump supporters.
Yes someone did finally stand up to China, tariffs were a start. But don’t worry Trump hater, once Biden’s own staff section 25’s him or he gets impeached due to his other lovely dealings in Ukraine and China then you will have the pair of Harris and Pelosi in charge. Then we can really watch our great country crash. MMM lets see we spend 5 dollars with China they spend 1 dollar with us and have 5 times as many people. Do You Get It Yet….You better get back to watching the view.
Again, since you need to be reminded of this, CONSUMERS PAY THE TARIFFS. IE, we the people of the United States are paying the price.
The consumer also pays the price for unfair trade practices through the loss of good paying manufacturing jobs.
Hey smart person, the whole negotiation with China and other countries needed to be played through including tariffs. Someone must stand up for unfair/unbalanced trade practices. If you think giving everything (jobs) away to China, Mexico even Canada is going to help your kids and grandkids future you are dead wrong. Jobs are the key and fair trade, not the politicians handing out free stuff leading to socialism.
Hey smart person, the whole negotiation with China and other countries needed to be played through including tariffs. Someone must stand up for unfair/unbalanced trade practices. If you think giving everything (jobs) away to China, Mexico even Canada is going to help your kids and grandkids future you are dead wrong.
If his tariff war with China is so effective, why hasn’t it ended? One would think that one side or the other would have backed down by now. It has been almost 4 years.
Trump saluted N. Korea military. Even they were flabbergasted when he did it.
Not going to disagree with you in regards to a salute, I didn’t see it but heard it happened.
However at least Trump was trying to get a handle on the situation versus just ignoring it and trying to anticipate what will happen next.
A good leader will always try to anticipate what is best for the people/country that elected him, that includes dealing with terrible people from all parts of the globe.
I wish all former presidents would deal directly with many of these difficult leaders so we don’t get blind sided into more wars.
Nothing quite like saluting the general of the arch enemy of America. What a patriot.
Yes bowing would have been much more respectful
Proof?
PROOF IS EVERYWHERE. Trash news such as this site ignore it and refuse to report it. This is how communist China media works as well.
Forty-nine percent of tRump voters had no idea economic growth DROPPED by 40% in the second quarter of 2020, which means we are still worse off then we were just one year ago. We are still a a net loss of over 8%.
yup he’s living in poverty
yup, 47 years of doing nothing!!!
no trump cheated and lied more than the last 47 years he’s always been corrupt
Hmmmmmmm! you miss alot.
Nice informative insight into the backgrounds of key people in coming administration. Joe is taking on the job during a major crisis. A springboard to greatness? If they don’t act fast this could create a catastrophe. If it is to be believed you would have to go to the hospital to get the shots. At the start anyways. Then by spring all could get it. Unless this pandemic blob grows to catastrophic proportions due to some threshold mutation that dooms everybody. Kinda like smallpox. Go Joe!
Go Joe! Go Joe! Go Joe! Go Joe! Go Joe! Go Joe!
Just what our government needs, a lot of women, and diversity in leadership roles!!!!
Real, transparency would be good to.
Skin color, gender and sexual preference far outweigh experience and proven records when it comes to job qualifications. SMH.
It’s the US Post Office model. And we all know what a dumpster fire the post office is. When you’re required to hire protected classes rather than who is most qualified, you wind up with a unsustainable business.
No, they don’t outweigh qualifications but they do show that there are capable people of all kinds out there to do the job. At least these people have experience in the field in which they are chosen unlike many in the Trump administration who had nothing more than a couple of lips on his butt.
now transferred to Joe’s