Washington, Nov 30: US President-elect Joe Biden on Monday named Janet Yellen as his Treasury Secretary and Indian-American Neera Tanden as Director of Office of Management and Budget, as he announced key members of his economic team.
If confirmed by the US Senate, Yellen, 74, will be the first woman to lead the Treasury Department in its 231-year history, and the first person to have served as Treasury Secretary, Chair of the Council of Economic Advisers, and Chair of the Federal Reserve. She has previously been confirmed by the Senate on four separate occasions.
Tanden, 50, if confirmed by the Senate, would be the first woman of colour and first Indian-American to lead the Office of Management and Budget (OMB).
Tanden's career has focused on pursuing policies designed to support working families, foster broad-based economic growth, and curb rampant inequality.
"Another proud day for Indian Americans to see Neera Tanden be nominated for a Cabinet level position in the next administration. This position at OMB is a wide-ranging role with broad powers to manage trillions of dollars of the US budget. If anyone had any doubts that our community has arrived politically, this election cycle is proof enough," Indiaspora founder M R Rangaswami, and an eminent philanthropist and venture capitalist, told PTI.
Announcing key members of his economic team, Biden also named Wally Adeyemo, as Deputy Secretary of the Treasury; Cecilia Rouse as Chair of the Council of Economic Advisers; and Jared Bernstein and Heather Boushey, as members of the Council of Economic Advisers. Biden would formally introduce his team on Tuesday.
This crisis-tested team will help Biden administration lift America out of the current economic downturn and build back better creating an economy that gives every single person across America a fair shot and an equal chance to get ahead, the transition said.
These choices reflect the president-elect's commitment to building an administration that looks like America, drawing on the diverse backgrounds and lived experiences of some of our nation's foremost economic experts, it said.
"As we get to work to control the virus, this is the team that will deliver immediate economic relief for the American people during this economic crisis and help us build our economy back better than ever," Biden said in a statement.
This team is comprised of respected and tested groundbreaking public servants who will help the communities hardest hit by COVID-19 and address the structural inequities in our economy, he said.
"They will work tirelessly to ensure every American enjoys a fair return for their work and an equal chance to get ahead, and that our businesses can thrive and outcompete the rest of the world. This team looks like America and brings seriousness of purpose, the highest degree of competency, and unwavering belief in the promise of America. They will be ready on day one to get to work for all Americans," Biden said.
According to Vice President-elect Kamala Harris, this outstanding economic team will help the Biden administration deliver on its commitment.
"They are not only some of America's most brilliant economic minds, they are also proven leaders who reflect the very best of our country," she said.
"And they share a fundamental commitment to ending this economic crisis and putting people back to work, while rebuilding our economy in a way that lifts up all Americans. With the selection of these crisis-tested public servants, the American people are getting the economic team they need and deserve," Harris said.
Adeyemo, a veteran of the Executive Branch and expert on macro-economic policy and consumer protection with deep national security experience, has previously served as Deputy Director of the National Economic Council, Deputy National Security Advisor, and the first Chief of Staff of the Consumer Financial Protection Bureau.
If confirmed, Adeyemo would be the first African-American Deputy Secretary of the Treasury.
Rouse is a leading labour economist and the Dean of the Princeton School of Public and International Affairs. She has previously been confirmed by the Senate as a member of the CEA in 2009. If confirmed, she will become the first African-American and just the fourth woman to lead the CEA in the 74 years of its existence.
Bernstein had previously served as Chief Economist to President-elect Biden in the first years of the Obama-Biden administration. Heather Boushey is a distinguished economist focused on economic inequality and the President, CEO, and co-founder of the Washington Center for Equitable Growth.
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Bogota (Colombia) (PTI): An explosive device killed 13 people travelling on a bus in southwestern Colombia on Saturday, an attack the country's army chief described as a “terrorist act" that also left at least 38 injured as violence linked to drug trafficking in the region escalates.
Octavio Guzman, the governor of the region of Cauca, said on X that the device was set off while the bus was travelling along the Panamerican Highway in the municipality of Cajibio. Five children were among the injured, Cauca Health Secretary Carolina Camargo told Noticias Caracol, a TV news program.
Gen. Hugo Lopez, commander of Colombia's Armed Forces, told a news conference that it was a “terrorist act" and blamed the network of a man known as “Ivan Mordisco” — one of Colombia's most wanted figures — and the Jaime Martínez faction. Both are dissidents of the now-defunct Revolutionary Armed Forces of Colombia that operate in the region.
Neither Ivan Mordisco nor the Jaime Martínez faction abide by the peace agreement signed with the state in 2016.
Colombian President Gustavo Petro condemned the attack on X.
“Those who carried out the attack and killed seven civilians — and wounded 17 others — in Cajibío — many of them Indigenous people — are terrorists, fascists, and drug traffickers,” he wrote.
The attack is the latest in a spate of explosions that have attempted to target public infrastructure. At least 26 incidents have taken place in the past two days in southwestern Colombia, which Lopez said have only affected civilians.
They included a shooting at a police station in the rural area of Jamundi, and an attack on a Civil Aviation radar facility in El Tambo, where authorities took down three explosives-laden drones earlier on Saturday. No one was hurt.
On Friday, two vehicles rigged with explosives were detonated near military units in Cali and Palmira, causing material damage.
The escalation of violence in that region — a territory contested by illegal armed groups linked to drug trafficking — prompted the mobilisation of high-ranking officials on Saturday. Led by Defence Minister Pedro Sanchez, the delegation that includes regional governors and local authorities, was meeting in Palmira when the deadly explosion occurred.
“These criminals seek to instil fear, but we will respond with firmness,” Sanchez said on X.
Meanwhile, Francisca Toro, governor of Valle del Cauca, has called upon the national government to provide “immediate support.” In a message on X, Toro called for a reinforcement of public security forces, enhanced intelligence operations and “decisive actions” against crime in the face of a “terrorist-level escalation.”
According to authorities, Cauca and Valle del Cauca serve as a critical hub for illicit activities of illegal armed groups vying for control over sea and river access routes leading to the port of Buenaventura — a key transit point used to traffic drugs to Central America and Europe.
The government has also offered a reward of more than 1 million dollars for information leading to the capture of “Marlon,” who is identified as the leader of the region's dissident group. On Friday, local authorities offered more than USD 14,000 for information leading to the identification and location of those behind the attacks in Cali and Palmira.
