Washington: President-elect Joe Biden is turning to longtime Democratic policy staffer Neera Tanden to lead his Office of Management and Budget and Cecilia Rouse to head the Council of Economic Advisers, people familiar with the process said.
Biden will also nominate Adewale Adeyemo, a former senior adviser at BlackRock Inc., to be deputy Treasury secretary as part of a slate of economic-team nominations he plans to announce on Tuesday, the people said. Adeyemo is a Nigerian-born attorney and president of the Obama Foundation.
Brian Deese, another Blackrock executive who served in the Obama administration, is likely to be offered the job of National Economic Council director, according to people familiar with the matter.
Tanden’s nomination already appeared to be in trouble with Senate Republican aides expressing opposition before it was formally announced.
Drew Brandewie, an aide to Texas Republican Senator John Cornyn said on Twitter that she “stands zero chance of being confirmed.”
Another aide said Republicans in the Senate would certainly block Tanden, who’s viewed as too progressive even though she’s also had squabbles with some on the left.
Combined with other appointments, the economic team Biden is expected to unveil on Tuesday will include three women, two African Americans and an Indian American as he seeks to create a diverse group of economic advisers and put women and minorities in jobs historically held by White men.
Biden has also tapped two economic advisers from his presidential campaign, Jared Bernstein and Heather Boushey, to be members of the CEA.
Bernstein and Boushey are well liked by progressives. Boushey, who runs the Washington Center for Equitable Growth, has advocated for paid parental leave and raising the minimum wage. Bernstein was Biden’s chief economic adviser in the White House during President Barack Obama’s first term.
In addition to ethnic and gender diversity, the choices show Biden turning to experienced Washington hands as he begins building his economic team. He’s selected Janet Yellen, the former Federal Reserve chairman, as his nominee for treasury secretary, Bloomberg News reported last week.
He received some criticism from Representative Jim Clyburn, the most senior Black lawmaker in Congress, who is credited with helping Biden with the South Carolina primary, a win that sped his progress toward the nomination.
In an interview with Juan Williams for his column in The Hill newspaper, Clyburn indicated he was disappointed the president-elect had named just “one Black woman so far” to a senior position — Linda Thomas-Greenfield as United Nations ambassador.
“I want to see where the process leads to, what it produces,” Clyburn added. “But so far it’s not good.”
Tanden, an Indian-American who currently leads the liberal think tank Center for American Progress, worked on the Obama administration’s health-care reform and was a close adviser to Hillary Clinton.
Rouse also worked in the Obama administration as a member of the CEA and is currently dean of Princeton University’s School of Public and International Affairs. If confirmed, she would be the first African American to chair the CEA.
Adeyemo would bring international economic experience to the Biden team, complementing Yellen’s more domestic focus over the course of her academic and government career. Adeyemo was deputy chief of staff to Jack Lew when he was Treasury secretary and was the first chief of staff of the Consumer Financial Protection Bureau under Elizabeth Warren.
Biden’s team will inherit a U.S. economy rocked this year by the coronavirus pandemic, and will have to try to sustain its revival. There’s already signs of increasing fragility as virus infection rates increase and states begin to lock down businesses again. That threatens the nascent recovery of the labor market, with jobless claims ticking up and payroll gains forecast to slow further in November.
–With assistance from Katia Dmitrieva and Catarina Saraiva. -Bloomberg
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