Biden Names Former Obama Adviser to Lead Economic Council --Update
December 03 2020 - 1:23PM
Dow Jones News
By Ken Thomas
WASHINGTON -- President-elect Joe Biden appointed Brian Deese,
who was an economic adviser to President Obama, to serve as the
director of the National Economic Council in the latest addition to
his economic team.
Mr. Deese's post, which does not require Senate confirmation,
will be central to Mr. Biden's economic agenda as the incoming
administration attempts to rebuild the economy during the
coronavirus pandemic.
Mr. Deese held senior economic roles in the Obama
administration, including as deputy director of the NEC and as
deputy director of the White House Office of Management and Budget.
He helped oversee the 2009 federal rescue of General Motors and
Chrysler through the administration's automotive task force and
helped negotiate the Paris climate accord.
After leaving the White House, Mr. Deese joined BlackRock Inc.,
the world's largest asset manager, as global head of sustainable
investing.
Mr. Biden appeared earlier in the week with other members of his
chosen economic team, led by Treasury secretary nominee Janet
Yellen, the former chairwoman of the Federal Reserve; and Princeton
University economist Cecilia Rouse, his choice to lead the Council
of Economic Advisers.
Mr. Biden said Thursday Mr. Deese was a "trusted voice I can
count on to help us end the ongoing economic crisis, build a better
economy that deals everybody in, and take on the existential threat
of climate change in a way that creates good-paying American
jobs."
Write to Ken Thomas at ken.thomas@wsj.com
(END) Dow Jones Newswires
December 03, 2020 13:08 ET (18:08 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
BlackRock (NYSE:BLK)
Historical Stock Chart
From Mar 2024 to Apr 2024
BlackRock (NYSE:BLK)
Historical Stock Chart
From Apr 2023 to Apr 2024