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Aruba’s ONLY English newspaper
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Biden to nominate Yellen,
highlight diversity on econ team NATIONAL
Associated Press
WILMINGTON, Del. (AP) — President-elect Joe Biden on TREASURER
Monday announced his senior economic team, including
his plans to nominate the first woman to head the Treas-
ury Department as well as several liberal economists and
policy specialists who established their credentials during
the previous two Democratic administrations.
In a statement, Biden said he would nominate Janet
Yellen, the former Federal Reserve chair, to lead the Treas-
ury Department, and former Clinton and Obama adviser
Neera Tanden to serve as director of the Office of Man-
agement and Budget. He also named Wally Adeyemo, a
former Obama administration official and the first CEO of
the former president's nonprofit foundation, as his nomi-
nee for deputy treasury secretary. He also unveiled his
White House economic team, consisting of economists
Cecilia Rouse, Jared Bernstein and Heather Boushey.
Biden, who has placed a premium on diversity in his se-
lection of Cabinet nominees and key advisers, is looking
to notch a few firsts with his economic team selections.
Yellen would be the first woman to lead the Treasury De-
partment and Adeyemo the first Black deputy secretary.
Tanden would be the first woman of color to lead OMB
and Rouse the first woman of color to chair the Council of In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network
Economic Advisers. guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington.
Continued on Page 2 Associated Press