Biden to nominate Neera Tanden, Cecilia Rouse to economic team: WSJ

President-elect Joe BidenJoe BidenFear of insider attack prompts additional FBI screening of National Guard troops: AP Iran convicts American businessman on spying charge: report DC, state capitals see few issues, heavy security amid protest worries MORE is reportedly planning on nominating a diverse group of women to serve as economic advisers alongside his nominee for Treasury secretary, Janet YellenJanet Louise YellenOn The Money: Retail sales drop in latest sign of weakening economy | Fast-food workers strike for minimum wage | US officials raise concerns over Mexico's handling of energy permits The Hill's Morning Report - How many Republicans will vote for Trump's impeachment? On The Money: Sanders will be gatekeeper for key Biden proposals | Senate majority gives Biden path to student loan forgiveness | Confirmation hearing for Yellen expected next Tuesday MORE.

According to a report from the Wall Street Journal on Sunday, Biden will nominate Neera Tanden to serve as director of the Office of Management and Budget. Tanden currently serves as president and CEO of the center-left think tank Center for American Progress.

He will also nominate Princeton University labor economist Cecilia Rouse to serve as chair to the Council of Economic Advisers sources close to the matter told the Journal. Jared Bernstein and Heather Boushey, two economic advisers from Biden's campaign, will also be nominated to serve alongside Rouse according to the report.


Adewale “Wally” Adeyemo, a senior international economic adviser under the Obama administration, will also reportedly be nominated to serve as Yellen’s top deputy at the Treasury Department.

Long-time aides and allies from the Obama administration have been picked for positions in Biden’s administration. Ron Klain, Antony Blinken and John KerryJohn KerryFor Joe Biden, an experienced foreign policy team Biden's trade policy needs effective commercial diplomacy Biden taps ex-Obama aide Anita Dunn as senior adviser MORE are all former Obama staffers Biden has picked for top positions.

Biden is expected to announce his nominations for Treasury and other economic roles on Tuesday. One of Biden’s largest challenges upon assuming office will be salvaging the economy decimated by the coronavirus pandemic.

If Yellen is confirmed as Treasury secretary, she will be the first woman to serve in the role. The president-elect has been noted for nominating a diverse range of people to key roles.

Avril Haines, a former top CIA official, has been nominated to be the head of national intelligence and she will also be the first woman to serve in the role if confirmed.