11/30/2020 1:25 PM
Clarín.com
World
Updated 11/30/2020 1:25 PM
The president-elect of the United States, Joe Biden, announced this Monday the central nucleus of his economic team, a group of
progressive economists
in which Janet Yellen stands out as a Treasury nominee and who became known serving in the two previous Democratic governments , those of Barack Obama and Bill Clinton.
"Janet Yellen has been nominated as Secretary of the Treasury. If confirmed (by the Senate), she will be the first woman to lead the Treasury Department in its 231-year history," Biden's transition team said in a statement.
Additionally,
Neera Tanden
was nominated director of the Office of Management and Budget (OMB), the transition team said in a statement, CNN reported.
If confirmed by the Senate, Tanden will be
the first woman of color
and the first of Southeast Asian descent to head OMB, the body that oversees the federal budget.
Also, Adewale "Wally" Adeyemo was nominated undersecretary of the Treasury, making him the first African-American in the position if confirmed.
Janet Yellen, former Fed chairwoman. Photo: dpa
Additionally,
Cecilia Rouse
was named to the Chair of the Council of Economic Advisers and Jared Bernstein and Heather Boushey were appointed to the Council of Economic Advisers.
Yellen, 74, made history as the first
president of the
United States
Federal Reserve
, and will be challenged to revitalize the US economy after the hit she suffered from the coronavirus.
"As we begin to work to control the virus, this is the team that will provide
immediate financial assistance
to the American people during this economic crisis and help us rebuild our economy better than ever," Biden said in a statement.
The United States suffered a sharp contraction in its annualized Gross Domestic Product and lost tens of millions of jobs as it battles the world's largest Covid-19 outbreak.
A massive stimulus package approved earlier in the year helped mitigate some of the blow, but Yellen will likely have to overcome
a deadlock
in Congress to approve more aid, which analysts say is necessary to avoid further economic damage.
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Coronavirus in the US
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Source:
Johns Hopkins University
Infographic:
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Look also
For the first time in history, a team of women will lead the White House communications
Joe Biden, with a broken foot