Biden Introduces Economics Team, Telling Americans ‘Help Is On The Way’

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Washington – President-elect Joe Biden officially introduced on Tuesday the officials who will lead his economic team, which is set to take the helm of the federal government as the nation grapples with the economic fallout from the coronavirus pandemic.
Joined in Wilmington, Delaware, by each of six future candidates and nominees as well as Vice President-elect Kamala Harris, Biden called his new team “Revolutionary Americans from different backgrounds, but sharing my knowledge. fundamental vision of economic relief. ”

“A top-notch team that will help us get through this ongoing economic crisis and help us rebuild the economy, not just rebuild it, but rebuild it better than before,” he said.

Mr Biden said his economic advisers would play a critical role in crafting a package he intends to present to the next Congress that will address the myriad of issues facing the country, including crises economy and coronaviruses.

“We’re going to create a recovery for everyone, for everyone. We will revive this economy, ”he said. “Our message to all those currently struggling is that help is on the way. ”

Still, Mr Biden urged Congress to adopt a relief package to address urgent needs arising from the ongoing pandemic, but acknowledged that this is “probably just a start”, as will come during the lame session. .

US-POLITIQUE-BIDEN
President-elect Joe Biden announces his business team at the Queen Theater in Wilmington, Delaware on December 1, 2020.

CHANDAN KHANNA / AFP via Getty Images

“This team will always be there for you and your families. This is a family focused team, ”said the president-elect. “We have to make sure that ordinary people do well because when given a chance, they never let the country down. ”

Echoing Mr Biden’s remarks, Harris called the president-elect’s choices “the right team for the moment.”

“This is the team we need to bring immediate economic aid to the American people, get our economy back on track and make it work for working people,” she said.

The president-elect’s transition team announced on Monday the key members who will be responsible for shaping the economic agenda of the new Biden administration. If approved by the Senate, several of the candidates predicted by Mr. Biden would break down barriers, including Janet Yellen, selected for Treasury Secretary, Wally Adeyemo, hired as Deputy Treasury Secretary, and Neera Tanden, chosen to lead the Office of Management and Budget. .

Yellen, the former chairman of the Federal Reserve, would be the first woman to head the Treasury Department. Adeyemo would be the first black assistant secretary to the treasury, and Tanden would be the first woman of color and the first South Asian American to head the budget office.

Noting that Yellen’s appointment would be historic, Mr Biden joked that he might need to ask Lin-Manuel Miranda, who created the Broadway musical “Hamilton” about the life of Alexander Hamilton, the First Secretary of the Treasury, to create a new musical about the first woman to lead the department.

Biden presents his economic team

3:30 p.m.

The other main candidates and appointees who will complete Mr Biden’s economic team are Cecilia Rouse, candidate for President of the Council of Economic Advisers, as well as Jared Bernstein and Heather Boushey, both appointed to the council.

If confirmed by the Senate, Rouse would be the first woman of color to lead the White House Council of Economic Advisers. She will also be a member of his cabinet.

While Yellen’s expected appointment as Treasury Secretary has been widely welcomed, Mr. Biden’s decision to choose Tanden has been criticized by Republicans on Capitol Hill, who dispute his past clashes with GOP lawmakers over social media and background as the head of the Center for American Progress, a liberal think tank.

Republican Senator John Cornyn of Texas called Tanden’s appointment “radioactive,” while GOP Senator John Thune of South Dakota told reporters “that she has been quite partisan in some of her previous positions, and in many cases, with respect to which Republican senators should vote on his potential candidacy. ”

Tanden’s approval as Mr Biden’s budget chief next year may hinge on the outcome of two Georgia runoff elections, which will determine which party controls the Senate.

The president-elect urged the Senate to hold swift confirmation hearings for its candidates and said he hoped “that we will be able to work across the aisle in good faith and move forward as a single country ”.

Once Mr Biden is sworn in on January 20, his economics team will quickly be tasked with tackling the economic devastation caused by the coronavirus crisis, which has left millions of Americans unemployed, struggling small businesses and poor people. city ​​and state governments facing budget shortfalls due to falling incomes.

Yellen called for the urgency of addressing the economic challenges of the pandemic, warning that “inaction will produce a self-reinforcing recession, causing even more devastation. ”

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