Biden officially announces ex-Obama official Brian Deese as top economic adviser

Biden officially announces ex-Obama official Brian Deese as top economic adviser

President-elect Joe BidenJoe BidenJan. 6 panel lays out criminal contempt case against Bannon Overnight Energy & Environment — Presented by the American Petroleum Institute — Democrats address reports that clean energy program will be axed Two House Democrats to retire ahead of challenging midterms MORE on Thursday officially tapped former Obama administration official Brian DeeseBrian DeeseWhite House weighing steps to address gas shortages Environmental activists' email blast disrupted White House communications over two days: report Sinema in Arizona as Democrats try to get spending-infrastructure deal MORE to lead the National Economic Council, his latest announcement to round out his economic team.

Deese, who was widely expected to get the role, formerly served as the deputy director of the council and as deputy director of the Office of Management and Budget (OMB). He was a key player in negotiations for the auto industry bailout during the Obama administration and aided in talks to join the Paris climate accord.

"Brian is among the most tested and accomplished public servants in the country — a trusted voice I can count on to help us end the ongoing economic crisis, build a better economy that deals everybody in, and take on the existential threat of climate change in a way that creates good-paying American jobs," Biden said in a statement.

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The position is considered the president's top economic adviser and does not require Senate confirmation.

Since leaving government, Deese headed up sustainable investing measures at BlackRock, a New York-based investment management group. That affiliation has raised concerns among some watchdogs worried about corporate officials rejoining government.

Deese is the latest economic official announced in recent days by Biden's transition team as the country faces an economic downturn from the coronavirus pandemic.

The president-elect has said he will nominate former Federal Reserve Chairwoman Janet YellenJanet Louise YellenOn The Money — Democrats tee up Senate spending battles with GOP Treasury to use extraordinary measures despite debt ceiling hike Senate GOP signals they'll help bail out Biden's Fed chair MORE for Treasury secretary, former Hillary ClintonHillary Diane Rodham ClintonOvernight Defense & National Security — Presented by Raytheon Technologies — Nation mourns Colin Powell The Memo: Powell ended up on losing side of GOP fight Powell death leads to bipartisan outpouring of grief MORE aide Neera Tanden for head of OMB and Cecilia Rouse to lead the Council of Economic Advisers.

Most of Biden's economic picks served in the Obama administration in some capacity, as did most of the members of his intended national security team announced last week.