London Daily

Focus on the big picture.
Saturday, Oct 03, 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
Church of England to Apologize for Role in Historical Forced Adoptions
UK Defence Ministry Investigates Historical Use of RAF Bases by Jeffrey Epstein
Scottish Housing Completions Fall to 11-Year Low
Welsh First Minister Calls for Expanded Devolution Settlement
UK Pledges £50 Million to Expand Domestic Military Drone Capabilities
UK Opens First Commercial Geothermal Plant in Cornwall
Green Party Wins Gorton and Denton By-Election as Labour Falls to Third
Prime Minister Andy Burnham Opens Review of UK-EU Relationship
UK Inflation Rises to 3.1%, Adding Pressure on Household Finances
UK Removes VAT From Domestic Electricity Bills to Ease Winter Energy Costs
Counterterrorism Police Arrest Sixth Suspect Over RAF Fairford Incident
UK Councils to Receive Sweeping Planning Powers to Ban New Vape and Betting Shops
Chancellor John Healey Faces Tax and Pension Scrutiny Ahead of Autumn Budget
Metropolitan Police Apologise for Accidental Disclosure in High-Profile Investigation
UK Universities Report Record International Enrolment as Housing Pressure Grows
UK Logistics Firms Monitor Rhine Disruption as Low Water Threatens European Supply Chains
UK Food Industry Warns Inflation Could Approach 7%
UK Introduces Vaping Duty and Mandatory Retail Stamps
Scotland Raises Property Taxes and Expands Child Payment in Annual Budget
Greggs Plans Four Factory Closures With 740 Jobs at Risk
OECD Raises UK 2026 Growth Forecast to 1.1%
UK Inflation Rises to 3.1% as Bank of England Faces Rate Debate
Andy Burnham Criticises Brexit and Says Rejoining EU Single Market Remains an Option
UK Imposes New Sanctions on Russian Military Networks and Propagandists
UK Launches Nationwide Early-Release Prison Scheme
Andy Burnham Says Security Services See Signs of Iranian Involvement in RAF Fairford Incident
Manchester City Found Guilty on Premier League Financial Charges After Independent Investigation
Scottish Court to Rule on Bid to Force No-Confidence Vote Against Aberdeen Council Co-Leader
UK Bans Extra Charges for Seating Children Under 12 Beside Accompanying Adults
UK Introduces Vaping Duty and New Licensing Requirements
Greggs to Close Four UK Factories and Cut 740 Jobs
Hundreds of Prisoners Released Early as England and Wales Prisons Reach 98% Capacity
UK Unveils New Russia Sanctions Targeting War Funding and Shadow Fleet
Burnham Says There Are Strong Indications of Iranian Involvement in RAF Fairford Security Breach
Prime Minister Andy Burnham Raises Prospect of Reviewing Britain's Post-Brexit EU Relationship
Markets Price in Bank of England Rate Increases as Inflation Rises to 3.1%
UK Borrowing Costs Climb Toward 5.5% as Global Bond Sell-Off Intensifies
UK-France One-In-One-Out Migration Agreement Expires as London Seeks Alternative Measures
Southwest England Faces Flood Alerts After Heavy Autumn Storms
UK Expands Funding for Rapid Electric Vehicle Charging Infrastructure
Welsh Government Approves Funding to Upgrade South Wales Transport
Northern Ireland Tensions Rise as Orange Order Rejects Drumcree Compromise
NHS Leaders Back Early Design of Proposed National Care Service
More Than One-Third of Regional UK Universities Face Financial Deficits
UK Current Account Deficit Narrows as Cross-Border Financial Flows Remain Strong
Bank of England and FCA Issue New Rules for Stablecoins and Digital Assets
MI5 Warns UK Universities Over Research Links With Chinese Institutions
UK Energy Price Cap Rises 4% as Electricity VAT Is Temporarily Suspended
Equity Calls for UK Personality Rights to Protect Performers From AI Replication
OpenAI Pauses Advanced Model Training Following Safety Concerns
×