Biden announces economic team with Janet Yellen at Treasury, Neera Tanden at budget office
the incoming administration prepares to navigate a recession resulting from the coronavirus pandemic at a time when congressional Republicans have become more reluctant to fuel record deficit spending.
The key figure is Janet Yellen, Biden’s choice to become Treasury secretary after previously leading the Federal Reserve. Other appointees include Neera Tanden, the chief executive of the progressive think tank Center for American Progress, to head the Office of Management and Budget, and Cecilia Rouse, dean of the Princeton School of Public and International Affairs, to lead the Council of Economic Advisers.
But while Yellen is recognized for being one of the most experienced people ever considered for her post, Tanden could have trouble winning confirmation in the Republican-controlled Senate because of her political history and fiery posts on Twitter.
Drew Brandewie, a spokesman for Sen. John Cornyn, R-Texas, tweeted Sunday that Tanden has “zero chance of being confirmed” because of disparaging tweets against Republicans.
Biden is scheduled to introduce the team Tuesday in Wilmington, Delaware, at 12:30 p.m. EST.
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The unveiling of the economics team comes as Biden urges the lame-duck Congress to approve more spending to deal with the pandemic before he takes office Jan. 20. But negotiations stalled before the election – as House Democrats approved a $2 trillion package and Senate Republicans held out for a $500 billion proposal – and remain uncertain.
“This team looks like America and brings seriousness of purpose, the highest degree of competency, and unwavering belief in the promise of America,” Biden said in a statement. “They will be ready on day one to get to work for all Americans.”
His choices, some of which require Senate confirmation, include:
•Yellen would be the first woman to lead the Treasury Department. She was previously the first woman to lead the Federal Reserve and served as chair of the Council of Economic Advisers.