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"A first rate team": Biden introduces key members of economic team tasked with Covid-19 recovery

December 1, 2020. Summarized by summa-bot.

US President-elect Joe Biden announces his economic team at The Queen Theater in Wilmington, Delaware, on December 1, 2020. (Photo by CHANDAN KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images)

President-elect Joe Biden and Vice President-elect Kamala Harris are formally introducing key members of their economic team at an event happening now in Wilmington, Delaware.

President-elect Joe Biden and Vice President-elect Kamala Harris are formally introducing key members of their economic team at an event happening now in Wilmington, Delaware.

Yesterday, Biden made the long-expected announcement of Janet Yellen as treasury secretary along with three other women in top roles on a diverse team that will be tasked with helping lead Biden's economic response to the coronavirus pandemic and meet the former vice president’s campaign promises of narrowing economic disparities.

President-elect Joe Biden and Vice President-elect Kamala Harris will formally introduce key members of their economic team shortly at an event in Wilmington, Delaware.

Biden made the long-expected announcement of Janet Yellen as Treasury secretary yesterday along with three other women in top roles on a diverse team that will help him navigate the nation's punishing fiscal headwinds in hopes of building an economic recovery.

President-elect Joe Biden is formally introducing his economic team shortly in Delaware, with Treasury Secretary nominee Janet Yellen, OMB Director and the Council of Economic Advisers expected to stand on stage with him in Wilmington.

Biden has settled on Brian Deese to lead the National Economic Council, people familiar with the transition tell CNN, and is still making final decisions on US Trade Representative, Commerce Secretary and others posts.

As CNN reported on Sunday, Deese will play a lead role in implementing economic policy of the Biden administration.

Senate Minority Leader Chuck Schumer said he will meet Tuesday with two of President-elect Joe Biden's top nominees, a sign Democrats are pressing forward with the transition process even as key Senate Republicans are holding back from calling Biden the President-elect.

Schumer said he would meet via video chat with Antony Blinken and Avril Haines, Biden's respective intended nominees for Secretary of State and Director of National Intelligence —which require Senate confirmations — to discuss "how to repair some of the damage to America's reputation and relationships abroad done by the past administration. " 

This comes during Schumer's push for the Senate to hold confirmation hearings for Biden's nominees immediately after the Jan. 5 Georgia runoff elections, which will determine the chamber's balance of power.

President-elect Joe Biden's inauguration is just 50 days away, and preparations have begun on what likely will be a scaled back event due to the coronavirus pandemic.

The transition has now started, and members of Trump's administration are talking to the Biden team about what to expect when they enter office in January.

President-elect Joe Biden and his transition team are preparing for an early, all-out push to pass an ambitious new stimulus bill, while also drawing up plans for a flurry of executive actions aimed at delivering on campaign promises and undoing the Trump administration's efforts to undermine key government agencies.

by summa-bot

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