London Daily

Focus on the big picture.
Saturday, Aug 29, 2026

Joe Biden: The team he hopes can fix the US economy

Joe Biden: The team he hopes can fix the US economy

President Joe Biden has vowed to heal America's economy from the pandemic with a large dose of economic stimulus - including immediate relief and investments in green jobs, infrastructure and more.

He's called on a team of Ivy League trained economists and lawyers, well-versed in the ways of Washington, to turn his vision into reality.

Many worked under former President Barack Obama on the response to the 2007-8 financial crisis, a hit from which it took the US a decade to emerge.

The task facing them now is even more dire, with more than 10 million Americans out of work and a pandemic that has claimed the lives of more people than World War II.

Meet the people he thinks can help.

Janet Yellen - Treasury Secretary

Janet Yellen was confirmed as head of the department on Monday.


The 74-year-old economist, who trained at Brown and Yale universities and taught at the University of California's Berkeley campus, is the first woman to lead the Treasury Department in its 231-year-old history - and the only person to have previously headed up the Council of Economic Advisors and America's central bank.

The daughter of a Brooklyn doctor, she is credited with helping steer the US economy out of the last recession while pushing the central bank to focus on issues like inequality.

But former president Donald Trump declined to renew her tenure at the Federal Reserve - in part, because he reportedly feared that at just five feet tall, she was too short for the job.

Now she will assume a role overseeing everything from taxation and financial regulation to sanctions, acting as a key authority as Mr Biden calls for more government spending.

In a letter to the Senate urging her swift confirmation, all 14 of America's former living treasury secretaries said it was "hard to imagine a better prepared nominee to meet this great moment of need".

A slightly different tribute came from singer Dessa, who crafted a verse in the style of the Hamilton musical, rapping "Here comes Yellen with that inside voice. Nevermind the mild manner, policies make noise."

"She's five foot nothin', but hand to God, she can pop a collar, she can rock a power bob."

Brian Deese - National Economic Council

Mr Deese says without "decisive action" the US risks falling into an even more serious economic hole


Aged just 42, Brian Deese will be the youngest person ever to serve as head of the National Economic Council, charged with marshalling and coordinating the government's economic policies.

Mr Deese made his name working on the rescue of the auto industry amid the 2007-8 financial crisis. His responsibilities later expanded to include financial regulation, budget issues and climate change - an area central to Mr Biden's strategy for reviving the US economy.

Some on the left see Mr Deese - who took a post as director of sustainable investing at financial giant Blackrock after leaving government - as too friendly to Wall Street and too worried about running up the deficit.

But he's also got high-profile defenders.

After Mr Deese was announced, Obama advisor David Axelrod called Mr Deese's work responding to the 2008 recession "heroic", while Mr Obama in 2016, discussing his work on the Paris greenhouse gas agreement, told Rolling Stone that he "may have helped save the planet and he's just doing it while he's got two babies at home, and could not be a better person".

Neera Tanden - Office of Management and Budget

Hillary Clinton threw Neera Tanden a wedding shower


Neera Tanden will be faced with the tricky task of turning policy priorities into reality via the federal budget.

Currently the head of the liberal Washington thinktank the Center for American Progress, the 50-year-old would be the first woman of colour and first south Asian American to lead the office of management and budget.

In announcing her nomination, Mr Biden said Ms Tanden's childhood raised by a single mother reliant on public assistance programmes would give her key insight for a role overseeing the federal government's spending might.

The Yale-trained lawyer also worked on health care reform under Mr Obama and was a longtime aide to Hillary Clinton.

Republicans have greeted her as a staunch partisan, and said her "combative and insulting" comments on Twitter and elsewhere - many of which have been deleted in recent weeks - would likely generate opposition among their members.

But emails leaked by Wikileaks from 2016 suggest Ms Tanden doesn't limit her blunt commentary to conservatives.

In one exchange, she wrote of then presidential candidate Hillary Clinton, who once threw her a wedding shower: "No one knows better [than] me that her instincts can be terrible."

Cecilia Rouse - Council of Economic Advisors

Labour economist Cecilia Rouse had author Toni Morrison as her mother-in-law


Princeton economist Cecilia Rouse, Mr Biden's pick to chair the Council of Economic Advisors, made her name working on issues of inequality and its intersection with race, gender, education and other issues.

Her most famous paper showed that blind auditions increased female hires at orchestras. Other work has examined school spending and the effect of scholarships on university students.

But the dean of Princeton's School of Public and International Affairs, whose father was also an academic, hasn't stayed cloistered in the Ivory Tower.

The 57-year-old did stints in government under former president Bill Clinton and worked on issues such as long-term unemployment as an economic advisor to former president Obama.

She would be the first African American to lead the council in its history.

Katherine Tai - United States Trade Representative


Katherine Tai will become America's top trade negotiator, leading an office that she previously served as attorney working on US complaints about Chinese trade.

She left the office in 2014, but remained involved in trade issues as an aide to congressional Democrats as it emerged as a key player in Donald Trump's trade wars.

Ms Tai won praise for helping to negotiate labour rights provisions that were added to Mr Trump's updated trade agreement between the US, Canada and Mexico. In her new role, her focus will likely return to China, where her parents were born and where she taught English for two years in the 1990s.

In confronting the economic heavyweight, the Mandarin-speaker has said the Trump administration's strategy relied too much on "defensive" measures, like tariffs.

"The offense has got to be about what are we going to do to make ourselves and our workers and our industries and our allies faster, nimbler ... and ultimately be able to defend this open Democratic way of life," she said at an event in August.

"It is about more than just economics and economic values. It is also about our political and our broader values."

Comments

Oh ya 6 year ago
With a large dose of printed out of thin air money. Which causes inflation if you have any clue how that works which most people do not. Did you watch the video 2 days ago of china joe trying to get his pen back into his suit jacket inside pocket? After 10 seconds he finally gave up and put it into his front pants pocket and people think he csn run a country . Thats funny

Newsletter

Related Articles

0:00
0:00
Close
Police Intensify Investigation Into Organised Crime-Linked Violence in Middlesbrough
UK Small Businesses Face Continued Revenue and Tax Pressures, Federation Says
M&G Real Estate Buys West Sussex Affordable Housing Portfolio for £29 Million
Royal Navy Warship HMS Tamar Visits Cambodia for Regional Security Engagement
UK Government Brings Forward Benefit Payments Ahead of August Bank Holiday
Four Men Plead Guilty to Arson Attack on Jewish Community Ambulances in North London
Ofgem Raises Great Britain’s Household Energy Price Cap by Four Percent From October
UK Government Rejects Green Party Call for Artificial Intelligence Datacentre Moratorium
Millions of UK Benefit Recipients Receive Payments Early Ahead of August Bank Holiday
UK Prime Minister Meets Northern Ireland Leaders in Belfast Over Budget Crisis
Crypto Tax Gains Reach One Point Three Eight Billion Pounds Among UK Investors, HMRC Data Shows
UK Corporate Confidence Rises to Highest Level Since March, Lloyds Survey Shows
Mike Ashley Attacks UK Government Business Rates and Cost-of-Living Policies
Scottish Universities Face Two Hundred Million Pound Annual Funding Gap, Report Warns
Entertainment Figures Urge UK Government to Protect People From AI Voice Cloning
Manchester Airports Group Confirms Customer Data Breached in Cyberattack
Seven Charged Over Vandalism at Donald Trump’s Turnberry Golf Resort in Scotland
Nearly 23,000 UK Households Expected to Move Home on Busiest Day of 2026
UK Benefit Payments to Arrive Early Ahead of August Bank Holiday
Reform UK Pledges to Replace GDPR and Cut Tax Administration Red Tape
Andy Burnham Launches Work Experience Plan for One Million Young People Outside Education or Work
Andy Burnham Faces Labour Backlash After Dropping Support for Political Donations Cap
Andy Burnham Announces UK-Wide Summit With Leaders of Scotland, Wales and Northern Ireland
Met Office Warns of Heavy Rain and Flood Risk Across England and Wales After Summer Heat
Bank of England Warns AI Adoption Could Reduce Demand for Automatable Jobs
UK Confirms National Salmonella Outbreak With More Than 200 Cases
UK Airports Handle Record 81 Million Passengers Despite Middle East Disruption
Ofgem Raises UK Energy Price Cap by Four Percent to £1,723
Cyber Attack Hits Customer Data Systems at Manchester, Stansted and East Midlands Airports
TSA Unveils Major Airport-Security Overhaul as It Drops Gold+ Privatization Plan
CIA Chief Warned Russia Against Attacking NATO in Secret Moscow Mission
Raheem Sterling Charged With Dangerous Driving After Lamborghini Crash
The Secret Dolly Parton Kept Until Her Death: "She Was Much Sicker Than She Let On"
Middlesbrough House Fire Kills Woman and Seven-Year-Old Girl
Prince Harry and Meghan Markle Return to UK Amid Renewed Media Attention
Raheem Sterling Charged With Dangerous Driving After London Collision
Greenpeace Threatens Legal Action Over Crown Estate Offshore Wind Leasing
Nvidia Revenue Surges to Ninety-Six Point Two Billion Dollars on Artificial Intelligence Demand
Meta Agrees to Global Youth Safety Changes Following Multi-State Legal Settlement
UK Government Plans Autumn Summit With Scottish, Welsh and Northern Irish Leaders
CMA Caps Veterinary Prescription Fees at Twenty-One Pounds
Thames Water Pilot Records Forever Chemicals at Thirteen Times the Legal Limit
Kent Meningitis Outbreak Reaches Thirty-Four Confirmed Cases
Forty Children Missing From UK Asylum Accommodation Remain Unaccounted For
UK Court Upholds VAT on Private School Fees
US Designates Palestine Action as Foreign Terrorist Organization
UK Approves Massive New Chinese Embassy Complex in London Amid Security Concerns
Prime Minister Andy Burnham Visits Kyiv and Offers Cruise Missile Designs to Ukraine
Glacier Collapse, Not Earthquake, Triggered Deadly Nepal-Tibet Flood
Andy Burnham Drops Plan to Cap Political Donations
×