Joe Biden Introduces Team He Says Will Help Economy Recover After Coronavirus
By Sabrina Siddiqui and Tarini Parti
WILMINGTON, Del. -- President-elect Joe Biden formally
introduced his picks for key economic positions in remarks on
Tuesday, emphasizing their experience and diverse backgrounds as
the country weathers the economic fallout from the coronavirus
Flanked by the people he has chosen for top economic roles, Mr.
Biden said during the appearance in Wilmington, Del., that his team
was working on a plan to revitalize the U.S. economy and help the
nation recover from what he dubbed "the worst jobs crisis in
The president-elect called on Congress to pass a robust
coronavirus relief bill but said a larger stimulus effort would be
necessary in his administration to address the long-term impact of
"Any package passed in lame-duck session is, at best, just a
start," he said.
Mr. Biden named former Federal Reserve Chairwoman Janet Yellen
as his Treasury secretary nominee and Neera Tanden, head of the
center-left think tank Center for American Progress, as his pick
for director of the Office of Management and Budget. Ms. Tanden's
nomination has already drawn disapproval from some on the right and
the left because of her criticism of several GOP lawmakers and
allies of Sen. Bernie Sanders of Vermont. If confirmed, she would
be the first woman of color and the first South Asian woman to
oversee OMB, while Ms. Yellen would be the first female Treasury
The former vice president also announced Cecilia Rouse, a
Princeton University labor economist, as his choice to be
chairwoman of the Council of Economic Advisers, and Adewale "Wally"
Adeyemo, a former senior international economic adviser during the
Obama administration, to serve as Ms. Yellen's top deputy at the
Jared Bernstein and Heather Boushey, Mr. Biden's campaign
economic advisers, will serve as members of the CEA alongside Ms.
Ms. Rouse, Mr. Bernstein and Mr. Adeyemo played key roles in the
aftermath of the financial crisis during the Obama
House Speaker Nancy Pelosi (D., Calif.) and Treasury Secretary
Steven Mnuchin planned to speak Tuesday afternoon about coronavirus
relief, and a group of lawmakers from both the House and Senate
unveiled a $908 billion aid proposal, seeking a middle ground
between Democratic and Republican leaders' stances.
Mr. Biden said there was a consensus around the need to provide
more resources to businesses and workers to adapt to the virus, and
to shore up the production of personal protective equipment for
health-care workers. He also stressed the importance of giving
additional aid to small businesses and entrepreneurs "who form the
backbone of the communities that we live in that are teetering on
The president-elect wore a boot during the event. He fractured
his ankle over the holiday weekend after he slipped while playing
with his dog.
Write to Sabrina Siddiqui at Sabrina.Siddiqui@wsj.com and Tarini
Parti at Tarini.Parti@wsj.com
(END) Dow Jones Newswires
December 01, 2020 14:22 ET (19:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.