President-elect Joe Biden announced his economic team and confirmed that he will nominate former Federal Reserve Chair Janet Yellen as his treasury secretary. Biden will appoint three other women to important roles as part of his campaign promise to have a diverse administration.
- If confirmed, Yellen would become the first woman to serve as treasury secretary. Yellen tweeted that she will work "to restore the American dream."
- Biden announced he will appoint Neera Tanden CEO of the Center for American Progress think tank as director of the White House Office of Management and Budget.
- Both Republicans and Progressives have expressed their opposition to the selection of Tanden. Progressives have criticized Tanden's record of supporting social security cuts and her opposition to Medicare-for-all. Tanden has often criticized GOP senators, including Mitch McConnell and Susan Collins, which has angered the Republicans.
- Biden has chosen Princeton economist Cecilia Rouse to chair the Council of Economic Advisers. If confirmed, she will be the first woman of color to lead the council. Adewale Adeyemo, who is the president of the Obama Foundation, has been chosen to serve as the deputy treasury secretary.
- Biden's cabinet will be tasked with helping the U.S. economy recover from the COVID-19 pandemic. Biden has said fighting the pandemic will be the top priority of his administration.