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    Republican Economists Line Up Behind Biden Nominee

    Jared Bernstein, the president’s choice for chair of the Council of Economic Advisers, won praise for his work that led to a provision in the Trump tax cuts in 2017.WASHINGTON — Nearly every living economist who led the White House Council of Economic Advisers in a Republican administration — including the three chairs under President Donald J. Trump — signed a letter urging Congress to confirm President Biden’s new nominee to lead the council, Jared Bernstein.The letter, obtained by The New York Times, praises Mr. Bernstein for engaging with economists across ideological lines and for his work drafting the original proposal for the opportunity zones program that was included in the 2017 tax package that Mr. Trump signed into law.The Senate Banking Committee is scheduled to hold a hearing on Mr. Bernstein’s nomination on Tuesday. Democrats had worried about his chances of clearing a committee vote after Senator John Fetterman, Democrat of Pennsylvania, was hospitalized in February for treatment of depression. They had stepped up efforts to court Republican senators to support Mr. Bernstein. Mr. Fetterman has since returned to work in the Senate.Mr. Bernstein has been a member of the council since the start of Mr. Biden’s administration. The president tapped him to succeed Cecilia Rouse, who stepped down at the end of last month to return to her post at Princeton University. Before then, Mr. Bernstein was an adviser to Mr. Biden when he was the vice president, a longtime fixture at liberal think tanks in Washington and a frequent sparring partner with conservative economists on cable news.He also worked with Kevin Hassett, a conservative economist who went on to head the council under Mr. Trump, to draft a white paper for the Economic Innovation Group think tank about a novel effort meant to steer investment to impoverished parts of the United States. Those were the so-called opportunity zones, which were included in the 2017 tax law.The program designates areas in every state where investors in real estate, operating businesses or other projects are eligible for significant tax advantages, including potentially not having to pay capital gains taxes on profits from their investments in those areas.Republicans have championed the zones since the law was passed. Some critics, including in Washington think tanks, have criticized them for delivering investments to some areas that were already gentrifying rapidly. Recent research has shown a widening share of zones attracting investment in the years since they were established.Mr. Hassett, who spearheaded the letter to members of the Banking Committee on Mr. Bernstein’s behalf, and his fellow former heads of the council cited the idea for the zones as one example of Mr. Bernstein’s outside-the-box thinking on economics.Mr. Bernstein has “established a reputation for producing informative, data-driven analysis and developing creative policy ideas,” the former heads of the council wrote.Along with Mr. Hassett, two other acting heads of the council under Mr. Trump signed the letter: Tomas Phillipson and Tyler Goodspeed. Other signatories included Michael J. Boskin, who led the council under President George H.W. Bush, and three chairs under President George W. Bush: Ben S. Bernanke, N. Gregory Mankiw and R. Glenn Hubbard.Mr. Hassett said he had been unable to reach the only other living past chair of the council under a Republican, Alan Greenspan, to ask him to sign the letter.In an interview, Mr. Hassett praised Mr. Bernstein’s collegiality and suggested that he would continue a bipartisan tradition of council chairs seeking advice from their predecessors from both political parties.“I disagree with Jared about a lot, and Jared and I have been disagreeing about things for 20 years,” Mr. Hassett said. “But he really is a fundamentally good person who tries to figure things out with an open mind, and who changes his mind.” More

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    Biden Expected to Name Top Economic Officials This Week

    WASHINGTON — President-elect Joseph R. Biden Jr. is expected to name top members of his economic team this week, including Cecilia Rouse, a Princeton labor economist, to run the Council of Economic Advisers, and Neera Tanden, the chief executive of the Center for American Progress, to lead the Office of Management and Budget, according to people familiar with the matter.The announcement — which will include Mr. Biden’s decision to name Janet L. Yellen, the former Federal Reserve chair, as Treasury secretary — will culminate in several women in top economic roles, including the first Black woman to lead the Council of Economic Advisers. All three jobs require Senate confirmation.With the picks, Mr. Biden is showcasing a commitment to diversity in his advisers and sending a clear message that economic policymaking in his administration will be shaped by liberal thinkers with a strong focus on worker empowerment as a tool for economic growth.Two of Mr. Biden’s top economic aides during his presidential campaign, Jared Bernstein and Heather Boushey, will also be named to the Council of Economic Advisers, which is a three-member team that advises the president on economic policy. Both Ms. Boushey and Mr. Bernstein come from a liberal, labor-oriented school of economics that views rising inequality as a threat to the economy and emphasizes government efforts to support and empower workers.In many ways, his team is unified by a commitment to running the economy hot — with strong growth and low unemployment — in order to drive up wages. And it is likely to signal an embrace of spending to help workers, businesses and local governments recover from the pandemic recession, regardless of the effect on the federal budget deficit.“President Biden’s appointments show that he is quadrupling down on his commitment to working people and raising wages,” said Jason Furman, an economist at Harvard University’s Kennedy School of Government and the former head of the Council of Economic Advisers under President Barack Obama. “He has appointed four of the best labor market economists in the country to head the Treasury and the Council of Economic Advisers.”In addition to those roles, Mr. Biden is expected to name Adewale Adeyemo, a senior international economic adviser in the Obama administration, as deputy Treasury secretary.Mr. Biden has also selected Brian Deese, a former Obama economic aide who helped lead that administration’s efforts to bail out the American automotive industry, to lead the National Economic Council, according to three people with knowledge of the selection.Mr. Deese, 42, is not an academic economist but a veteran of economic policymaking, having served as the acting head of the Office of Management and Budget and the deputy director of the Economic Council under Mr. Obama. He was also a special adviser on climate change to Mr. Obama, a role that could signal Mr. Biden’s commitment to fashioning an infrastructure bill for his legislative agenda that heavily features spending on clean energy initiatives.Mr. Biden on Sunday announced an all-female White House communications staff, with Jennifer Psaki, a veteran of the Obama administration, in the most visible role as White House press secretary.Kate Bedingfield, 39, who served as a deputy campaign manager for Mr. Biden, will serve as the White House communications director. Karine Jean Pierre, who previously served as the chief public affairs officer for MoveOn.org, will be the principal deputy press secretary. Pili Tobar, a former immigrant advocate with the group America’s Voice, will serve as the deputy White House communications director.Symone Sanders, a senior adviser to Mr. Biden on the campaign, will serve as the senior adviser and chief spokeswoman for Vice President-elect Kamala Harris. Ashley Etienne, a former senior adviser to Speaker Nancy Pelosi, will serve as the communications director for Ms. Harris.The appointments indicate Mr. Biden’s plan to include racial, gender and ideological diversity in top roles, fulfilling a campaign pledge to ensure that a broad swath of America is represented in policymaking decisions.But they could fall short of hopes within the progressive wing of the Democratic Party, which has been frustrated that their views are not being sufficiently represented in early personnel decisions. In particular, the decision to select Ms. Tanden, a divisive and partisan figure in the Democratic Party, could culminate in an intraparty fight, as well as a confirmation battle.Republicans, who are expected to retain control of the Senate, are unlikely to easily pass Ms. Tanden, an Indian-American who advised Hillary Clinton’s 2016 presidential campaign and has been one of the most outspoken critics of President Trump.The Presidential TransitionLatest UpdatesUpdated Nov. 29, 2020, 6:35 p.m. ETBiden names all-female communications team with Jen Psaki as press secretary.Biden sees orthopedic doctor after spraining his ankle while playing with family dog.Biden team wants to tackle child care, elder care, preschool in one overarching plan.She also faces a challenge from Senate Democrats given her role in the 2016 election: Many of those who worked for Senator Bernie Sanders of Vermont, who ran against Mrs. Clinton, remain convinced that Ms. Tanden was part of a group of Democrats working behind the scenes to scuttle his nomination.Mr. Sanders, who ran against — and ultimately endorsed — Mr. Biden, is the top Democrat on the Senate Budget Committee, which vets the director of the Office of Management and Budget, putting the fate of Ms. Tanden’s nomination under his watch.Josh Holmes, a former chief of staff to Senator Mitch McConnell of Kentucky, the majority leader, referred to Ms. Tanden on Twitter on Sunday as a “sacrifice to the confirmation gods,” suggesting that her downfall would sate Republican anger toward Mr. Biden’s presidency and allow other nominees to more easily win confirmation.Drew Brandewie, a spokesman for Senator John Cornyn, Republican of Texas, said on Twitter on Sunday evening that Ms. Tanden “stands zero chance of being confirmed.”The selection of Ms. Tanden, who was involved in the development of the Affordable Care Act as an adviser to the Department of Health and Human Services during the Obama administration, is likely to resurface questions about the funding of the Center for American Progress. The New York Times reported last year that from 2016 through 2018, the center accepted nearly $2.5 million from the United Arab Emirates to fund its National Security and International Policy initiative.In addition, hacked emails from Ms. Tanden that were released through WikiLeaks in 2016 could also provide additional fodder for her critics.Mr. Biden’s other picks are most likely less contentious. Ms. Rouse, a labor economist, worked on Mr. Obama’s Council of Economic Advisers from 2009 to 2011 and at the White House’s National Economic Council during the Clinton administration in the late 1990s.Claudia Goldin, a Harvard economist, a pioneer in research on the role of women in the American economy and one of Ms. Rouse’s thesis advisers in graduate school, called her a leading expert on labor markets and education.“She is a deeply thoughtful person and a superb listener who brings out the best of those around her,” Ms. Goldin said.Mr. Bernstein was Mr. Biden’s first chief economist when he was vice president and has written extensively on the power of low unemployment and strong economic growth to bolster workers and wages. Ms. Boushey runs the Washington Center for Equitable Growth, a liberal think tank focused on inequality, and was a top policy adviser to Mrs. Clinton in 2016. She has focused much of her research and writing on government initiatives meant to increase women’s participation in the labor force, such as paid leave programs.The appointments drew praise from Kevin A. Hassett, Mr. Trump’s first Council of Economic Advisers chairman.“They have put together a very strong team of experienced policymakers and smart economists,” Mr. Hassett said. “At this difficult time, it is great to know that a strong C.E.A. will be helping to guide policy.”Mr. Adeyemo is an immigrant from Nigeria and has extensive experience working at the Treasury Department during the Obama administration, when he was a senior adviser and deputy chief of staff. Mr. Adeyemo was also Mr. Obama’s chief negotiator for the macroeconomic policy provisions of the Trans-Pacific Partnership, which Democrats ultimately opposed, and served as the first chief of staff of the Consumer Financial Protection Bureau. After a two-year stint as a senior adviser at BlackRock, he joined the Obama Foundation in 2019 as its president.Michael D. Shear and Jeanna Smialek contributed reporting. More