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Neera Tanden

AP News | Equities.com |

President Joe Biden’s nomination of Neera Tanden to lead the White House Office of Management and Budget was thrown further into doubt on Monday as moderate Republican Sen. Susan Collins of Maine said she would vote against confirming Tanden.

On Friday, Sen. Joe Manchin of West Virginia became the first Democratic lawmaker to oppose Tanden’s confirmation. But the White House called her “an accomplished policy expert who would be an excellent Budget Director,” and Biden said he was sticking with her.


AP News | Equities.com |

President-elect Joe Biden on Monday announced his senior economic team, including his plans to nominate the first woman to head the Treasury Department as well as several liberal economists and policy specialists who established their credentials during the previous two Democratic administrations.

In a statement, Biden said he would nominate Janet Yellen, the former Federal Reserve chair, to lead the Treasury Department, and former Clinton and Obama adviser Neera Tanden to serve as director of the Office of Management and Budget. He also named Wally Adeyemo, a former Obama administration official and the first CEO of the former president’s nonprofit foundation, as his nominee for deputy treasury secretary. He also unveiled his White House economic team, consisting of economists Cecilia Rouse, Jared Bernstein and Heather Boushey.