Senate panel unanimously advances top Biden economic nominees

Senate panel unanimously advances top Biden economic nominees
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The Senate Finance Committee on Wednesday advanced two of President BidenJoe BidenBiden eyes bigger US role in global vaccination efforts Trump says GOP will take White House in 2024 in prepared speech Kemp: Pulling All-Star game out of Atlanta will hurt business owners of color MORE’s key economic nominees with strong bipartisan support, paving the way for smooth confirmations in the full Senate.

The panel unanimously approved both Katherine TaiKatherine TaiTrade deficit rises to record .1 billion in February Craft whiskeys, an American success story, are facing death by trade war The Hill's Morning Report - Biden's infrastructure plan triggers definition debate MORE to be the U.S. trade representative and Wally AdeyemoWally AdeyemoOn The Money: Social Security gives IRS data for COVID-19 relief checks | Senate passes bill heading off Medicare cuts Senate confirms Adeyemo as deputy Treasury secretary Warren presses Yellen to ramp up BlackRock oversight MORE as deputy Treasury secretary by voice vote.

Tai will be the first woman of color and Asian to serve as trade representative, while Adeyemo will be the first Black deputy secretary at the Treasury Department.


Tai’s breezy passage indicates a return to a more bipartisan approach to trade, which had been upended during the four years former President TrumpDonald TrumpHarry Reid reacts to Boehner book excerpt: 'We didn't mince words' Man arrested for allegedly threatening to stab undercover Asian officer in NYC Trump says GOP will take White House in 2024 in prepared speech MORE served in the Oval Office. In her confirmation hearings, she talked about strong enforcement of existing trade deals, the importance of focusing on China as both a partner and a competitor, and the possibility of rejoining multilateral agreements such as the Trans-Pacific Partnership.

“Not many hearings at the Senate feature as much bipartisan praise for nominees as Thursday’s hearing on Katherine Tai’s nomination to be the U.S. trade representative,” said Sen. Ron WydenRonald (Ron) Lee WydenThe first Southern state legalizes marijuana — what it means nationally A bold fix for US international taxation of corporations Democrats offer competing tax ideas on Biden infrastructure MORE (D-Ore.), the Finance Committee chair.

Tai, a former lawyer for the House Ways and Means Committee, had the unusual honor of having both the top Democrat and Republican from the panel — Reps. Richard NealRichard Edmund NealDemocrats offer competing tax ideas on Biden infrastructure Top Democrat calling for expansion of child care support DOJ asks for more time to make decision on turning over Trump taxes MORE (D-Mass.) and Kevin BradyKevin Patrick BradyDemocrats see political winner in tax fight The Hill's Morning Report - Biden may find zero GOP support for jobs plan GOP seeks new line of attack on Biden economic plans MORE (R-Texas) — offering statements of support for her confirmation.

“Trade is not only a bipartisan issue in Congress, but one where we can build a very strong, unified approach with the administration,” said Sen. Mike CrapoMichael (Mike) Dean CrapoTrump faces test of power with early endorsements The Hill's Morning Report - Biden shifts on filibuster Senators urge Energy chief to prioritize cybersecurity amid growing threats MORE (Idaho), the top Republican on the Senate committee. 

But he sounded a more combative note at Wednesday’s hearing, saying he was disappointed in the responses to 220 questions Tai answered over the weekend.

Adeyemo also earned bipartisan praise for his background, which included both private sector experience at BlackRock, and public sector economy policy experience at Treasury and the National Economic Council.

“He’s committed to rebuilding our economy out of the wreckage of the pandemic unemployment crisis in a way that allows all Americans to get ahead,” Wyden said.