The White House has announced the appointment of Lael Brainard of the Federal Reserve as the new director of the National Economic Council. Brainard will be tasked with helping President Biden implement his economic agenda, including pandemic relief, infrastructure, and tax bills. However, the U.S. is currently at risk of defaulting on its debt in July if Congress does not act to raise or suspend the debt limit. Brainard's expertise and experience will be essential in helping the White House navigate this difficult situation.
Posts tagged as “Brian Deese”
President Joe Biden is set to deliver his second State of the Union address Tuesday night, addressing the nation's economic anxiety, racial divisions, and foreign policy issues. He will focus on his plans for the economy, infrastructure, climate change, and the coronavirus pandemic, while Republicans will be watching warily and sizing up Biden's fitness for a likely reelection bid. The speech is scheduled to begin at 9 p.m. EST.
President Joe Biden announced Thursday that Brian Deese, his National Economic Council Director, is stepping down from his role. Biden praised Deese's work during the COVID-19 pandemic, noting his contribution to the passage of key legislation and transition of the economic recovery. No details were provided on a successor or timing of Deese’s departure.
President Joe Biden is set to meet with House Speaker Kevin McCarthy (R-Calif.) at the White House on Wednesday to discuss the federal budget and debt ceiling. Biden is expected to press McCarthy to provide a detailed list of spending proposals and to commit to the principle that the U.S. will never default. The White House will release its own budget in early March, and has urged McCarthy to do the same. McCarthy has responded to the memo, but has called Biden's demand for assurances that the U.S. won't default "irresponsible".