Biden presented his future economic team

Biden and Harris introduce key economic team members — 12/1/2020

Biden presented his future economic team

Team composition highlights the President-elect’s determined approach to tackling the pandemic and its aftermath

US President-elect Joe Biden on Tuesday formally unveiled his top economic policy advisors as his team prepares to take over as economic recovery slows amid a new surge in the coronavirus pandemic..

Biden spoke on December 1 in Wilmington, Delaware, alongside those he intends to appoint to key positions, including Treasury candidate Janet Yellen, who previously headed the Federal Reserve..

The composition of the team selected by Biden emphasizes that he believes a more aggressive approach is needed in the fight against the pandemic. All of his future advisers are in favor of additional stimulus measures to strengthen the labor market, reduce economic inequality and help women and minorities hit particularly hard by the economic downturn..

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Biden Selects Liberal Economists to Fight Crisis

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Biden is going to appoint Princeton University economist Cecilia Rose as chairman of the Economic Council. The Council will also include economists Heather Boushey and Jared Bernstein. President-elect nominated Nira Tanden, executive director of the Center for American Progress think tank, to head the White House‘s Budget Office.

Meanwhile, President Donald Trump continues to claim that his election defeat was the result of fraud. Due to his refusal to admit defeat, the start of the formal transition was delayed by several weeks. It was only on Monday that Biden received the first full-fledged reconnaissance briefing.

On Monday, Biden’s victory was witnessed by two more key states, where Trump tried to challenge the results: Arizona and Wisconsin..

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Arizona announced the winner of the US presidential election

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According to Fox News, Trump’s headquarters are planning to file a lawsuit with the Wisconsin Supreme Court on Tuesday, alleging abuses in the absentee voting process. The election headquarters itself has not yet given comments.

A vote in the Electoral College, which will determine the winner of the presidential election, will take place on December 14. Biden will take office on January 20.

It is noteworthy that Biden plans to appoint women to a number of leadership positions in the economic team. This reflects his commitment to increasing diversity in the upper echelons of the federal government..

Rose will become the first black woman to chair the President’s Economic Council; Tanden, the first woman of color to head the Budget Office; and Yellen – the first woman in the post of Minister of Finance.

All three appointments require Senate approval. At the moment, the Senate is controlled by a small majority of Republicans, and some of them have already spoken out against the candidacy of Tanden, which has opponents in both the right and left wings..

The balance of power in the Senate will be finally determined by the results of the second round of elections in Georgia, which will be held on January 5.

Some programs designed to minimize the economic impact of the pandemic expire this month, and agreement on a new economic aid package has yet to be reached..

The coronavirus pandemic has claimed more than 267,000 lives in the United States, and the number of infections and hospitalizations in recent weeks reaches record highs.

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  • Daria Dieguts

    International journalist. Focus – USA, Ukraine, Russia. She worked on Ukrainian TV channels and in the Washington bureau of RTVi. Since 2017 – on the Voice of America

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