President-elect Joe Biden plans to nominate Center for American Progress Chief Executive Neera Tanden as director of the Office of Management and Budget and economist Cecilia Rouse as chair of the Council of Economic Advisers, the Wall Street Journal reported on Sunday.
Biden, a Democrat, also plans to choose Wally Adeyemo, a senior international financial adviser in the course of the Obama administration, to serve as Janet Yellen’s prime deputy at the Treasury Department, the Journal reported, citing people today familiar with the matter.
Economists Jared Bernstein and Heather Boushey will be nominated to serve as members of the Council of Economic Advisers, the report added.
A representative for the Biden campaign did not promptly respond to a request for comment. Tanden, Rouse, Adeyemo, Bernstein and Boushey could not promptly be reached for comment on Sunday.
Before taking the reins at the Center for American Progress, a center-left believe tank, Tanden was a healthcare adviser in former President Barack Obama’s administration. She was also an adviser for Democrat Hillary Clinton’s 2016 presidential campaign.
Rouse, a labor economist at Princeton University, whose investigation has focused on the economics of education, previously served as a member of Obama’s Council of Economic Advisers.
Adeyemo was a senior White House national safety adviser for international economics in the course of the Obama administration, as properly as a prime aide to former Treasury Secretary Jack Lew. He is presently president of the Obama Foundation
Bernstein, a single of Biden’s closest aides, served as his chief financial adviser as Biden, then the vice president, and Obama fought to pull the United States out of the Great Recession.
He was tasked with calculating and explaining how numerous jobs the Obama administration’s challenging-fought recovery act saved in 2009, and was extensively anticipated to have a similarly prominent part in a Biden administration,
Boushey is identified for investigation focusing on how inequality can hinder financial development. The chief executive and co-founder of the Washington Center for Equitable Growth, a progressive financial believe tank, Boushey has been operating with the Biden group as an unofficial financial adviser.
Just like Obama did in 2009, Biden will inherit a struggling economy facing really serious close to-term challenges.
Nearly 14 million Americans, numerous who utilized to be employed in the restaurant and hospitality industries, are getting unemployment positive aspects that expire on Dec. 26, and the coronavirus’ continued surge indicates there is no telling when they may be in a position to go back to perform.
Biden’s financial agenda is most likely to concentrate on obtaining the nation previous the coronavirus crisis, each as a well being and financial challenge. A lot will rely on passage of a pandemic relief package and the distribution of a vaccine that is anticipated in early 2021.
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