SCOOP: Biden has chosen Gary Gensler as his nominee to lead the Securities and Exchange Commission and Rohit Chopra to lead the Consumer Financial Protection Bureau, according to people familiar with the matter. More on @TheTerminal. Web soon.
Gensler and Chopra both have experience as financial regulators and are well-regarded by progressives, including Elizabeth Warren, who is close to both of them.
My profile of Gary Gensler from 2016, when he was an important progressive force in Hillary Clinton’s campaign. Edited by the late, great John HOMANS. (Cc @rubycramer) bloom.bg/1txKOOa
@rubycramer NEWS: Biden transition confirms that the president-elect has chosen Gary Gensler as his nominee for SEC chairman and Rohit Chopra as his nominee for CFPB director. Big progressive wins that will worry Wall Street. bit.ly/38UqOfM
Biden on Gensler and Chopra: “These tireless public servants will be a key part of our agenda to build back better — and I am confident they will help make meaningful change and move our country forward.” bloomberg.com/news/articles/…
Biden builds out the NEC with two more hires. Sameera Fazili will be a deputy director focused on manufacturing, innovation and competitiveness. Nadiya Beckwith-Stanley will be special assistant to the president for budget and tax policy. bloomberg.com/news/articles/…
Brian Deese described the new hires to me as “people with really impressive economic-impact credentials, but also deep experience in inclusive economic development, racial equity, and a sort of place-based and community-based focus on economic engagement.” bloomberg.com/news/articles/…
Biden transition just rolled out additional policy staff, including: @StefFeldman, sr advisor to director of the Domestic Policy Council @CarmelMMartin, dep dir of DPC for economic mobility
Esther Olavarria, dep dir of DPC for immigration @clinkeyoung, dep dir for health & VA
Biden says he will lay out the framework for the next round of covid relief next week. “We need more direct relief flowing to families, small businesses,” he says.
In addition to calling for more crisis economic relief, Biden says that with Democratic majorities in both chambers of Congress, it should be possible to raise it to $15 an hour. “People in both parties recognize it’s time to raise the minimum wage,” he says.
Biden: “The bottom line is we’re in the midst of the most unequal economic and jobs crisis in modern history.”
President-elect Biden has chosen Rhode Island Governor Gina Raimondo for commerce secretary, a person familiar says, confirming @jmartNYT scoop.
@jmartNYT And Boston Mayor Marty Walsh is Biden's pick for labor secretary, confirming @tylerpager scoop.
@jmartNYT@tylerpager With picks this week for attorney general, commerce secretary and labor secretary, Biden has now selected nominees for all cabinet-level positions. Biden has already touted it as the most-diverse cabinet ever but it won't satisfy everyone. No Latinas or AAPIs to be secretaries.
Biden’s introduction of his pick for education secretary, Miguel Cardona, begins with a lengthy discussion of supporting schools and families through the pandemic with the goal of reopening most schools by the end of his first 100 days in office.
Biden reiterates his support for canceling $10,000 in student debt amid the pandemic.
Biden says his administration will "combat campus sexual assault under Title IX, something he says the Trump administration and the current secretary of education "have only undermined."