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 BidenHaiti prime minister warns inequality will cause migration to continue Pelosi: House must pass 3 major pieces of spending legislation this week Erdoğan says Turkey plans to buy another Russian defense system MORE on Thursday officially tapped former Obama administration official Brian DeeseBrian DeeseDemocrats seek to cool simmering tensions On The Money — Yellen sounds alarm on national default Biden officials raise concerns about rising meat prices 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 YellenWe don't need platinum to solve the debt ceiling crisis The Hill's Morning Report - Presented by Alibaba - Democrats argue price before policy amid scramble Schumer sets Monday showdown on debt ceiling-government funding bill MORE for Treasury secretary, former Hillary ClintonHillary Diane Rodham ClintonDemocrats worry negative images are defining White House Heller won't say if Biden won election Whitmer trailing GOP challenger by 6 points in Michigan governor race: poll 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.