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That's why Thinkful offers an ISA, to help students "bet on themselves and launch high-growth careers" without having to invest upfront, he added. With General Assembly's ISA, students can stop making payments if they lose or have to leave their job for any reason, he added. "Had I needed to pay upfront, it would have been almost impossible to sustain my lifestyle for upwards of a year." Most of the program's students find a job within two months of searching and 100% of the roles accepted were within the tech field. Flatiron School offers students a career coach to help with personal branding, the job search process, and interview skills.
Persons: they're, Rosalie Chan, Elizabeth Warren, Betsy DeVos, Read, MBAs, Thinkful, Dan Friedman, Francisco Escobar, Assembly's, Assembly's bootcamps, Tom Ogletree, it's, Angil Tate, Angil, I've, Slack, Kush Patel, Phelipe Fernandes, Grace Hopper, Chloé Jandsten, Grace, Chloé, Insider's Meghan Morris, Alex Nicoll, Madison Goerend, Madison, Alison, Goerend, Caleb Hicks, Lola Heffernan Organizations: Google, IBM, Microsoft, Software, US Bureau of Labor Statistics, Carnegie Mellon University, Massachusetts Institute of Technology, US News, Thinkful, General Assembly, Twitter, Adobe, Assembly's, General, ISA, Viget Labs, App Academy, Facebook, App, Grace Hopper Fullstack Academy, Spotify, Chicago and, Grace Hopper Fullstack, Flatiron School, Citi, Pandora, Madison Goerend, Lambda School, Amazon, eBay, Cisco, Elsevier, Business Locations: Silicon Valley, Thinkful, Silicon, Chicago, Chicago and New York City, New York City
From the get-go, President Donald Trump has miscast or exaggerated the military's role in his administration's crash program to develop COVID-19 vaccines. The military theme originated in the May 15 announcement of the creation of Operation Warp Speed. But it has been Trump, not Perna, who has miscast the military's role. "There will not be this vision that some people have that there will be Army trucks driving through the streets delivering vaccine," Perna said October 27. The prominence of military officials in Operation Warp Speed has drawn scrutiny on Capitol Hill, where some have questioned whether an outsize military leadership role would marginalize public health agencies.
Persons: Donald Trump, Trump, Gustave Perna, Kevin Lamarque, Perna, Democrat Joe Biden, McKesson, Evan Vucci, Paul Mango, Matthew Hepburn, Democratic Sens, Elizabeth Warren of, Mazie Organizations: Army, Manhattan Project, Pentagon, Health, Human Services Department, Pentagon's Defense, Research Projects Agency, Army Materiel Command, Trump, US Army, White House, REUTERS, Twitter, Democrat, National Guard, Disease Control, McKesson Corp, National Institutes of Health, Human Services, Capitol, Democratic, Armed Services Locations: WASHINGTON, Bethesda , Maryland, Elizabeth Warren of Massachusetts, Hawaii
President-elect Joe Biden has angered both progressive Democrats and Republicans with his announcement that he will nominate Neera Tanden to direct the Office of Management and Budget. But several prominent progressives, including Sen. Elizabeth Warren and Rep. Barbara Lee, endorsed Biden's pick. Briahna Joy Gray, a former press secretary for Sanders' 2020 presidential campaign, tweeted, "Everything toxic about the corporate Democratic Party is embodied in Neera Tanden." Justice Democrats celebrated Biden's decision to pick the progressive economists Heather Boushey and Jared Bernstein for his Council of Economic Advisers. "People definitely understand that progressives might not have to expend a lot of powder on Neera Tanden because Republicans are already out there saying what they're saying," he said.
Persons: Joe Biden, Neera Tanden, Hillary Clinton, Tanden wouldn't, Sen, Bernie Sanders, Tanden's, Elizabeth Warren, Barbara Lee, Biden's, Obama, Clinton, Tanden, Sanders, White, Briahna Joy Gray, Read, Biden, I'm, she'd, Drew Brandewie, Republican Sen, John Cornyn of, she's, Cornyn, Sens, Sherrod Brown, Cory Booker, Stacey Abrams, Jon Tester, Bruce Reed, Obama White House's, Alexandra Rojas, Reed, Heather Boushey, Jared Bernstein, Sean McElwee, wouldn't Organizations: Republicans, Management, Center, American, Senate, Center for American Progress, Affordable, Social Security, Center for American, Democratic Party, White, Business, GOP, Republican, Washington Post, Reuters, Justice Democrats, Economic Advisers, Democratic, Progress Locations: Israel, Georgia, John Cornyn of Texas
Canceling Student Debt Would Be a ‘Brahmin Bailout’
  + stars: | 2020-11-29 | by ( Zaid Jilani | ) www.wsj.com sentiment -0.97   time to read: +2 min
Mr. Piketty refers to this new base as the “Brahmin left,” as in the Indian upper caste. Strong performance in the educated suburbs allowed the Democrats to capture new territory, including Arizona and Georgia. Canceling student debt would play well with the Democrats’ growing base of educated elites. Matt Bruenig, founder of the left-wing People’s Policy Project, writes that forgiving student debt is “possibly the least effective stimulus imaginable on a dollar-for-dollar basis,” because “normal stimulus measures try to put money in people’s pockets so that they can spend it. But student debt forgiveness does not do this.
Persons: Thomas Piketty, , Piketty, Chuck Schumer, Schumer, Joe Biden, Democratic Party ? Sen, Elizabeth Warren, Jason Furman, Obama, , Matt Bruenig Organizations: Democratic Party, Republicans, Democrats, Democratic Party ?, of Economic Advisers Locations: France, U.S, Western Pennsylvania, Philadelphia, Ohio, Illinois, Wisconsin, Arizona, Georgia
The time Janet Yellen threw the book at Wells Fargo
  + stars: | 2020-11-29 | by ( Matt Egan | Cnn Business | ) edition.cnn.com + 0.00   time to read: +6 min
And in citing Yellen as an "outstanding choice" for Treasury secretary, Elizabeth Warren referenced the Wells Fargo punishment. The Fed voted 3-0 in favor of growth restrictions that prevented Wells Fargo from getting any bigger than $2 trillion in assets. Wells Fargo assured shareholders it expected to get out of the penalty box within months. Wells Fargo is also spending heavily on compliance, customer refunds, lawyers and technology to reassure skeptical regulators. On Wall Street, a sigh of reliefAnd yet Wall Street seems just fine with Yellen as Treasury secretary.
Persons: Janet Yellen, Wells Fargo, Biden, Yellen, Wells, she's, Isaac Boltansky, Elizabeth Warren, Warren, Joe Biden, Patricia McCoy, Charlie Scharf, Nicholas Colas, Brian Gardner, Stifel's, Frank, McCoy, willy, nilly Organizations: CNN, Fed, Senate, Point Research, Wells, Bank, America's, JPMorgan Chase, Boston College, Consumer Financial, Bureau, DataTrek Research, Bankers, Treasury, buybacks Locations: York, Wells Fargo, Wells, Washington
FILE PHOTO: U.S. President-elect Joe Biden delivers a pre-Thanksgiving speech at his transition headquarters in Wilmington, Delaware, U.S., November 25, 2020. If Biden’s team agrees with that interpretation, Thomas Pahl, a Republican political appointee who has previously served stints at the Federal Trade Commission, would be promoted to acting director. Clayton is stepping down at the end of the year, positioning senior Democratic SEC Commissioner Allison Lee as acting chair under Biden until a new chair is sworn in. That’s because current Comptroller Brian Brooks is serving in an acting capacity, allowing Biden to replace him quickly. COMMODITY FUTURES TRADING COMMISSION (CFTC)Current Republican CFTC Chair Heath Tarbert is expected to resign his role as chair, putting senior Democratic Commissioner Rostin Behnam in line to be acting chair.
Persons: Joe Biden’s, Gary Gensler, Joe Biden, Joshua Roberts, Gensler, Elizabeth Warren, Donald Trump’s, Kathy Kraninger, Warren’s, Katie Porter, Rohit Chopra, Bharat Ramamurti, Patrice Ficklin, Kraninger’s, Thomas Pahl, Biden, Jay Clayton, Clayton, Allison Lee, Kara Stein, Rob Jackson, Trump, Brian Brooks, Brooks, Amy Friend, Barack Obama, Jelena McWilliams, Obama, Martin Gruenberg, McWilliams, Michael Barr, Graham Steele, Barr, Heath Tarbert, Rostin, Dan Berkovitz, Mark Calabria, Eric Stein, Mel Watt, Diane Yentel, Stein, Biden’s, Ficklin Organizations: WASHINGTON, Democratic U.S, REUTERS, Joshua Roberts CNBC, U.S, Supreme, Biden, Federal, Senate, Republican, Federal Trade Commission, SEC, Trump, Democratic SEC, Progressives, Democratic, New York University School of Law, Attorney, Federal Deposit Insurance Corporation, Currency, FDIC, University of Michigan Law School, Treasury, Stanford Graduate School of Business, Federal Reserve, FINANCE, Income Housing Coalition Locations: Wilmington , Delaware, U.S, Manhattan
Trygve MagelssenBut after contacting a federal student loan office for help, Magelssen learned that his past payments could not count retroactively. "It was a dead end," said Magelssen, 62, whose current student loan debt is about $21,500, consisting mainly of interest. Student borrowers would be automatically enrolled, according to his plan, and previous "national or community service" would also allow a borrower to qualify. The nation's 45 million student borrowers carry an estimated $1.7 trillion in student loan debt — less than total mortgage debt but higher than credit cards, according to the Brookings Institution, a Washington-based think tank. "It should be done immediately," Biden told reporters last week about his student loan forgiveness plan.
Persons: Trygve, Magelssen, Trygve Magelssen, Joe Biden, Biden, Chuck Schumer, Schumer, Sen, Elizabeth Warren, Betsy DeVos, Trump, DeVos, Seth Frotman, Theresa Sweet, Obama, doesn't Organizations: Montana State University - Northern, Brookings Institution, NBC, Education Department, Senate, Debt, Office, Protection, Bay, Lending, Harvard Law School, The Education Department, DOE Locations: Washington
Biden to discuss coronavirus response as Thanksgiving holiday nears
  + stars: | 2020-11-25 | by ( Simon Lewis | ) www.reuters.com + 0.00   time to read: +5 min
(Reuters) - U.S. President-elect Joe Biden will give a speech on Wednesday highlighting the challenges facing Americans as the Thanksgiving holiday approaches and the nation faces a surge in coronavirus infections and a wave of unpopular health restrictions. FILE PHOTO: President-elect Joe Biden stands with his nominees for his national security team at his transition headquarters in the Queen Theater in Wilmington, Delaware, U.S., November 24, 2020. The number of patients being treated for coronavirus infections in U.S. hospitals surpassed 86,000, an all-time high, on Tuesday. Critics have said Trump’s refusal to accept the results undercut Biden’s ability to combat the coronavirus pandemic and deal with national security threats. “Taking someone out of the Senate, taking someone out of the House, particularly a person of consequence, is really a difficult decision,” Biden said.
Persons: Joe Biden, Antony Blinken, Jake Sullivan, Alejandro Mayorkas, Avril Haines, John Kerry, Linda Thomas, Greenfield, Kamala Haris, Joshua Roberts, Biden, Donald Trump, Trump, “ It’s, ” Biden, , ” Trump, BIDEN, Bernie Sanders, Elizabeth Warren, Sanders, Warren, Michael Flynn, Axios Organizations: Queen Theater, Homeland Security, United Nations, Republican, Democratic, NBC News, Senate, FBI Locations: WILMINGTON, Del, Wilmington , Delaware, U.S, COVID, Delaware, United States, America, Georgia
On Tuesday, President-elect Joe Biden told NBC News' Lester Holt that his presidency won't be a "third Obama term." "We face a totally different world than we faced in the Obama-Biden administration," Biden said. "This lineup, those you've selected so far — a lot of familiar faces among them," NBC News anchor Lester Holt told Biden on Tuesday evening. "We face a totally different world than we faced in the Obama-Biden administration," Biden added. He told Holt that he's considered selecting a Republican for a top post as well as progressive politicians such as Sens.
Persons: Joe Biden, Lester Holt, Obama, he's, Barack Obama, Biden, Trump, It's, Biden's Obama, John Kerry, Avril Haines, Alejandro Mayorkas, Antony Blinken, Linda Thomas, They've, Bruce Reed, Axios, Reed, Alexandria Ocasio, Cortez, Ilhan Omar, Jamaal Bowman, Mondaire Jones, Rahm Emanuel, Mike Pompeo, " Pompeo, Holt, Bernie Sanders, Elizabeth Warren Organizations: NBC News, Obama, America, NBC, Department of Homeland Security, United Nations, White, Democratic Party, Progressives, Social Security, Justice Democrats, Reps, Transportation, Chicago, Fox, Republican, Politico, Department of Justice, Trump Locations: America, Greenfield, Sens, Biden's
WASHINGTON — President-elect Joe Biden's first batch of administration picks gives competing wings of the Democratic Party something to celebrate, and sends a signal to the United States that he plans to govern as an institutionalist. Biden is attempting the high-wire act of balancing diversity demands with ideological fissures between progressives and moderates. "The president-elect understands that he has to continue this balancing act in constituting his presidency," Galston said. Obama picked a lot of people from that wing of the party: Rahm Emanuel, Larry Summers, Arne Duncan, Timothy Geithner and others," said Waleed Shahid, the spokesman. "The party has been slowly breaking away from that ideology for several cycles and Biden's picks seem to be reflecting some of that dynamic," he said.
Persons: Joe Biden's, Biden, Obama, William Galston, Galston, he's, John Kerry, Alejandro Mayorkas, Janet Yellen, Avril Haines, Linda Thomas, Greenfield, we've, Matt Bennett, Sen, Elizabeth Warren, Sarah Bloom Raskin, Lael Brainard, Yellen, Warren, Georgia runoffs, Pat Toomey, Antony Blinken, Susan Rice, Ron Klain, Bruce Reed, Reed, Joe Biden, Bruce, Bennett, That's, Biden's, Barack Obama —, Biden hasn't, Rahm Emanuel, Larry Summers, Arne Duncan, Timothy Geithner, Waleed Shahid Organizations: WASHINGTON, Democratic Party, Brookings Institution, Sunrise Movement, Homeland Security, National Intelligence, United Nations, Treasury, Progressives, Federal, Federal Reserve, Obama, White House, Democratic, American Prospect, Biden, Management, Justice Democrats, Social Security Locations: United States, Georgia, Benghazi
U.S. President-elect Joe Biden announces his national security nominees and appointees at his transition headquarters in Wilmington, Delaware, U.S., November 24, 2020. REUTERS/Joshua RobertsIntroducing his foreign policy and national security team, the Democratic former vice president signaled he intended after taking office on Jan. 20 to steer the United States away from the unilateralist nationalism pursued by Trump. U.S. foreign policy under a Biden administration is likely to take more of a multilateral and diplomatic approach aimed at repairing Washington’s relationships with key allies and pursuing new paths on issues such as climate change. The White House on Tuesday gave the go-ahead for Biden to start receiving the president’s daily intelligence briefing. The Nevada Supreme Court on Tuesday also confirmed Biden had won the state, sending the results to Nevada’s Democratic governor for final certification.
Persons: Joe Biden, , Donald Trump’s “, Joshua Roberts, Biden, Bernie Sanders, Elizabeth Warren, Antony Blinken, “ It’s, ” Biden, Trump, Michael Flynn, “ We’re, , Critics, Sanders, Warren, ” “, Marco Rubio Organizations: REUTERS, Democratic, Trump, NATO, White House, FBI, NBC News, NBC, Senate, Foreign Relations, Twitter, The, The Nevada Supreme Locations: WILMINGTON, Del, States, Wilmington , Delaware, U.S, United States, Europe, America, China, Russia, Asia, Pacific, Hong Kong, South China, Georgia, Pennsylvania, The Nevada
(Reuters) - U.S. President-elect Joe Biden received congratulations for his election victory from China’s President Xi Jinping on Wednesday as he prepared to give a speech highlighting the challenges Americans face as COVID-19 cases surge on the eve of the Thanksgiving holiday. About 260,000 Americans have died from COVID-19 and infections are surging on a national scale. The daily U.S. death toll from COVID-19 surpassed 2,000 on Tuesday for the first time since May. The White House also gave the go-ahead for Biden to start receiving the president’s daily intelligence briefing. Critics have said Trump’s refusal to accept the results has damaged American democracy and undercut Biden’s ability to fight the pandemic and prepare to deal with national security threats.
Persons: Joe Biden, Xi Jinping, Biden, Donald Trump, Xi, Trump, Biden’s, “ It’s, ” Biden, , Rudy Giuliani, Lara Trump, Giuliani, Matthew Brann, Bernie Sanders, Elizabeth Warren, Michael Flynn Organizations: Republican, Xinhua, GETTYSBURG, Trump, Harrisburg, CNN, Gettysburg, U.S ., Fox News, District, Democratic, Senate, Representatives, FBI Locations: WILMINGTON, Del, China, Hong Kong, South China, COVID, U.S, Delaware, American, Gettysburg, U.S . Civil, Pennsylvania, United States, Georgia
(Reuters) - U.S. President-elect Joe Biden received congratulations for his election victory from China’s President Xi Jinping on Wednesday as he prepared to give a speech highlighting the challenges Americans face as COVID-19 cases surge on the eve of the Thanksgiving holiday. About 260,000 Americans have died from COVID-19 and infections are surging on a national scale. The White House also gave the go-ahead for Biden to start receiving the president’s daily intelligence briefing. We’re going to do it on a regular basis.”TRUMP TRIP CANCELEDTrump has waged a failed legal battle to overturn the election results, falsely claiming it was stolen. Critics have said Trump’s refusal to accept the results has damaged American democracy and undercut Biden’s ability to fight the pandemic and prepare to deal with national security threats.
Persons: Joe Biden, Xi Jinping, Biden, Donald Trump, Xi, Trump, Biden’s, “ It’s, ” Biden, , , Critics, Rudy Giuliani, Abraham Lincoln, Kate Bedingfield, Giuliani, Matthew Brann, Bernie Sanders, Elizabeth Warren, Michael Flynn Organizations: Republican, Xinhua, ” TRUMP, Trump, Gettysburg, U.S ., District, Democratic, Senate, Representatives, FBI Locations: WILMINGTON, Del, China, Hong Kong, South China, COVID, U.S, Delaware, American, Pennsylvania, Gettysburg, U.S . Civil, Georgia
The transition begins in earnestAfter weeks of delay, the government formally authorized a transition of power to President-elect Joe Biden. The General Services Administration designated Mr. Biden as the apparent victor, following certification of the voting results in Michigan and more legal defeats for the Trump campaign in other states. Businesses are pivoting to plans to work with the Biden administration: G.M. withdrew its support for a Trump administration effort to nullify California’s fuel-economy rules, while Facebook is planning a charm offensive for Mr. Biden’s team. Mr. Biden promised a choice who would please both progressives and centrists, and he appears to have succeeded.
Persons: Joe Biden, Biden, Janet Yellen, Trump, Biden’s, Steve Schwarzman, Blackstone, , ” Ms, Yellen, Steven Mnuchin, Jack Lew, Tim Geithner, Jay Powell, ” Diane Swonk, Grant Thornton, Ms, Elizabeth Warren, ” Gary Cohn, Goldman Sachs, Neil Irwin, , ” —, Jared Bernstein, Ed “, Amy Chozick, Yellen “, Binyamin Appelbaum, Yellen’s, “ Covid Organizations: General Services Administration, Mr, Corporate America, G.M, Facebook, Treasury, White, Fed, Wall, York Fed, Supporters, Bloomberg, ” Stock, Budget, Times Locations: Michigan, Wells Fargo, York
Janet Yellen's first battle is already taking shape
  + stars: | 2020-11-24 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com + 0.00   time to read: +8 min
A version of this story first appeared in CNN Business' Before the Bell newsletter. The battle lines of Yellen's first big fight are already being drawn as the need for additional government aid becomes more acute. The situation could be even worse by the time Yellen takes the reins. "Fiscal stimulus is likely to be much smaller under a divided Congress and the size is likely to grow smaller the longer it takes Congress to pass legislation." But Corporate America hasn't wasted any time orienting itself for the Biden era, my CNN Business colleague Paul R. La Monica reports.
Persons: Joe Biden, Janet Yellen, Yellen —, Nancy Pelosi, Steven Mnuchin, Louis, Goldman Sachs, Alec Phillips, Jerome Powell, Mark Haefele, Yellen, Powell, Mnuchin, Sen, Elizabeth Warren, Matt Egan, Trump, Biden, Paul R, Monica, Doug McMillon —, , Kevin Chavous, he's, Jeremy Smeltser, Bob Swan, Swan, Ed Yardeni, Yardeni, Fitch, Smucker Organizations: CNN Business, Bell, Federal Reserve, Senate, Washington University, Fed, Bloomberg, Treasury, UBS Global Wealth Management, Trump, CNN, US General Services Administration, Walmart, Biden, Spectrum Brands Holdings, Intel, Yardeni, Abercrombie, HP Locations: London, St, United States, Georgia, Wells, China
President-elect Joe Biden's transition team can now officially work with the federal government to prepare for a handover from the Trump administration on Inauguration Day. The Biden transition already announced a roster of hundreds of people on agency review squads that will prep each department for a power handover on Inauguration Day. It's official: President-elect Joe Biden's transition team is preparing the federal government for a new administration on Inauguration Day. Biden's team hailed the move and said its staff will get to work right away. Transition team members like them are often early hires for new president's team, from the Cabinet agencies to senior slots in the White House.
Persons: Joe Biden's, Trump, Donald Trump, Biden, Biden's, Sen, Ted Kaufman, Pete Buttigieg, Susan Rice, Sally Yates, Emily Murphy, Yohannes Abraham, Elizabeth Warren, Read, Here's Organizations: Trump, Biden, Democratic, White, Visit, General, State
ET White House May Try to Curb Economic Ties With China: Live Business Updates RIGHT NOW Stocks gain as the transition to a Biden administration begins. The Trump administration is considering imposing more limits on China. Credit... Mark Schiefelbein/Associated Press The Trump administration is weighing several policy actions aimed at thwarting China as President Trump and his advisers use their final weeks in office to try to curb America’s economic ties with the country. The automaker said it would no longer back the Trump administration in a fight with California over clean-air standards. G.M.’s support for the Trump administration surprised many auto experts given the president’s repeated attacks on the company and Ms. Barra.
Persons: Biden, Trump, Mark Schiefelbein, Jan, ’ ” Wilbur Ross, , Mary Barra, , Stephen Crowley, Trump’s, Mary T, Mary B, , Barra, Joseph R, , Janet L, Yellen, Russell, Janet, Janet Yellen, Eric Thayer, The New York Times Janet Yellen, she’s, ” Ms, Steven Mnuchin, — Krishna Guha, Ernie Tedeschi, “ Yellen, Jay Powell, Powell, ” — Ian Katz, — Henry M, Paulson Jr, George W, Bush, “ Janet Yellen, Wells, Elizabeth Warren, ” — Lawrence Summers, Bill Clinton, Victor J, Anthony Fauci, Edward W, Stack, Lauren R, Stack’s, Dick’s, Hiroko Masuike, Michael Corkery, Sapna Organizations: China, Associated Press, China’s Semiconductor Manufacturing International Corporation, Defense Department, Commercial Aircraft Corp of, Aviation Industry Corporation of China, Reuters, Commerce Department, , Commerce, New York Times, General Motors, Twitter, White, Toyota Motor, Fiat Chrysler, Ford Motor, BMW, Volkswagen, Michigan, Federal Reserve, Treasury, UBS Global Wealth Management, General Services Administration, U.S, West Texas, Aviation, British Airways, Whitbread, Federal, The New York Times, Bloomberg Television, Investors, Evercore ISI, Fed, Capital Alpha Partners, La Guardia, ., Transportation, Centers for Disease Control, AAA, Airlines, Dick’s Sporting Goods, New York Times Retailers, The, Forrester Research, Amazon, Walmart Locations: China, Hong Kong, Xinjiang, Beijing, Commercial Aircraft Corp of China, G.M, Ohio, U.S, California, Barra, United States, Michigan, Europe, Britain, England, IAG, Massachusetts, New York, Hobart, Parkland, Fla, Hook, East Coast ., York, Manhattan, Queens, Staten Island, Staten, Bronx
ET Wall St. Trades in Record Territory as Biden Transition Begins: Live Updates RIGHT NOW S&P 500 and Dow approach records as Biden administration takes shape. President Trump, who has consistently warned that markets would tumble if he lost re-election, took credit for the record on Tuesday. “The stock market’s just broken 30,000 — never been broken, that number,” Mr. Trump said in brief remarks at the White House. The automaker said it would no longer back the Trump administration in a fight with California over clean-air standards. G.M.’s support for the Trump administration surprised many auto experts given the president’s repeated attacks on the company and Ms. Barra.
Persons: Dow, Dax, Ella Koeze, Joseph R, Biden, Janet L, Trump, Mr, , they’d, Yellen, Russell, Ms, — Eshe Nelson, Trump’s, Matt Phillips, Carrier —, Lockheed Martin, , Barry Ritholtz, Janet, Janet Yellen, Eric Thayer, The New York Times Janet Yellen, , she’s, ” Ms, Steven Mnuchin, Michael Feroli, Morgan, ” — Michelle Meyer, Bank of America Merrill Lynch, “ She’s, — she’s, John C, Williams, “ Yellen, Jay Powell, Powell, ” — Ian Katz, ” — Tim Adams, — Henry M, Paulson Jr, George W, Bush, “ Janet Yellen, Wells, Elizabeth Warren, ” — Lawrence Summers, Bill Clinton, ” — Gary Cohn, Goldman Sachs, , Mark Schiefelbein, Jan, ’ ” Wilbur Ross, Mary Barra, Stephen Crowley, Mary T, Mary B, Barra, McCormick, Charles Sheehan, Lawrence E, Kurzius, Jose Cuervo, Green Pepper, Victor J, Anthony Fauci, BioNTech, JPMorgan Chase, Darin Oduyoye, Edward W, Stack, Lauren R, Stack’s, Dick’s Organizations: Biden, Dow U.S, Nikkei, Federal Reserve, Treasury, Dow, White, Airlines, West Texas, UBS Global Wealth Management, Fed, General Services Administration, Mr, Aviation, British Airways, Whitbread, Twitter, Amazon.com, U.S . Postal, General Motors, Ford, United Technologies, Lockheed, Boeing, Air Force, Federal, The New York Times, White House’s Council, Economic Advisers, Bloomberg Television, Congress, Investors, Chief U.S, Economist, Bank of America, Federal Reserve Bank of New, Capital Alpha Partners, Institute for International Finance, Associated Press, China’s Semiconductor Manufacturing International Corporation, Defense Department, Commercial Aircraft Corp of, Aviation Industry Corporation of China, Reuters, Commerce Department, , Commerce, New York Times, Toyota Motor, Fiat Chrysler, Ford Motor, BMW, Volkswagen, Michigan, Associated, McCormick, Company, La Guardia, ., Transportation, Centers for Disease Control, AAA, Pfizer, JPMorgan, Sporting Goods, Dick’s Sporting Goods Locations: Record Territory, Britain, United States, Michigan, Pennsylvania, Europe, Asia, England, IAG, York, China, New York, Federal Reserve Bank of New York, Massachusetts, Hong Kong, Xinjiang, Beijing, Commercial Aircraft Corp of China, G.M, Ohio, U.S, California, Barra, Cholula, Hunt Valley, Md, McCormick, Mexico, Chipotle, Chile, Hobart, Parkland, Fla
After helping Joe Biden win a grueling election, progressives want a say in key policies, like environmental protections, social justice, and immigration reform. Elizabeth Warren and Bernie Sanders still have a chance at an administration post. Still, there are plenty of progressives — such as Sunrise Movement founder Varshini Prakash — who are ready to keep the pressure on the Biden administration from the outside. Against that backdrop, progressive lawmakers, media heavyweights and outside groups involved in everything from the environment to criminal justice reform say they will be watching Biden's every move. Here's Insider's list of 30 of the top progressives primed to help the Biden administration — or cause it headaches.
Persons: Joe Biden, Elizabeth Warren, Bernie Sanders, Varshini Prakash —, Biden, Tina Sfondeles, Kayla Epstein, Dave Levinthal, there's, John Kerry, Rahm Emanuel, Here's, Cortez Organizations: Sunrise Movement, White, Biden, Democratic, Chicago, Department of Transportation, Democrats Locations: Sens, Alexandria
FILE PHOTO: U.S. outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Right now, what you have is the Treasury and the Federal Reserve with a common mission, working very closely. It’s a really solid choice in my opinion.”JAKE DOLLARHIDE, CHIEF EXECUTIVE OFFICER, LONGBOW ASSET MANAGEMENT, TULSA, OKLAHOMA“It’s a shrewd safe pick. Its something more tangible, the Treasury Secretary.”JUSTIN HOOGENDOORN, HEAD OF FIXED INCOME STRATEGY, PIPER SANDLER, CHICAGO“The initial reaction is positive. She was the first women head of the Fed and will be the first woman Treasury Secretary.”“I think she will bring great stability to the post.
Persons: Joe Biden, Janet Yellen, Jonathan Ernst The, KEVIN GIDDIS, RAYMOND JAMES, ” ROBERT PAVLIK, TOM GRAFF, , ” “, Biden, ” GUY LEBAS, JANNEY MONTGOMERY SCOTT, “ KEITH LERNER, CHRIS ZACCARELLI, ” MICHAEL ANTONELLI, BAIRD, ” JAKE DOLLARHIDE, Elizabeth Warren, ” “ Yellen, Ben Bernanke, , “ It’s, ” JUSTIN HOOGENDOORN, PIPER SANDLER, She’s, JOHN DOYLE, ” KARL SCHAMOTTA Organizations: YORK, Treasury, Wall Street, Market, REUTERS, U.S, Fed, Department, BROWN ADVISORY, BALTIMORE, Biden, Congressional, ADVISORY, Federal Reserve, ALLIANCE, MILWAUKEE, rockstar, CHICAGO, GOP, TORONTO Locations: Washington , U.S, ST PETERSBURG, FLORIDA, DAKOTA, FAIRFIELD , CONNECTICUT, Washington, PHILADELPHIA, ATLANTA, CHARLOTTE, NC, TULSA , OKLAHOMA, TEMPUS, WASHINGTON, CAMBRIDGE
Yellen, 74, brings Biden decades of economic policy experience and is respected by Congress, international finance officials, progressives and business interests alike. The post will present a host of new challenges for Yellen, whose policymaking experience in the past 20 years has largely centered on monetary - rather than fiscal - policy. Republican President Donald Trump declined to renew her term and replaced her with current Fed Chair Jerome Powell in 2018. FISCAL POLICY LEVERAt Treasury, Yellen would have a major role in influencing U.S. fiscal and tax policy, tools she did not have at the Fed. Jen Psaki, an adviser to the Biden campaign tweeted that economic team members would be announced next week.
Persons: Joe Biden, Janet Yellen, Biden, Yellen, Donald Trump, Jerome Powell, Bill Clinton, George Akerlof, , Tim Adams, Christopher Aluka Berry, Julia Coronado, , Tom Graff, Lael Brainard, Obama, Roger Ferguson, TIAA, Elizabeth Warren, Antony Blinken, Trump, Jen Psaki Organizations: Treasury, Democratic, Trump, Congress, Fed, White House Council, Economic Advisers, Federal Reserve, San Francisco Fed, Republican, Yale, Institute of International Finance, U.S, Georgia runoffs, Republicans, Federal, American Economic Association, Allied Social Science Association, REUTERS, Brown Advisory, Governors, General Services Administration Locations: WILMINGTON, Del, WASHINGTON, Brooklyn , New York, U.S, Georgia, Atlanta , Georgia, Washington, Baltimore,
New York (CNN Business) Janet Yellen checks all the boxes in President-elect Joe Biden's quest to find a Treasury secretary who won't spook Wall Street, alienate progressives or forget about Main Street's plight. But at Treasury, Yellen could quarterback fiscal policy at a time when it's the only game in town. Roger Ferguson, another leading Treasury pick and a former top Fed official, would make history as the nation's first Black Treasury secretary. And in her final years at the Fed, Yellen did not stand in the way of tweaks to make financial regulations less burdensome. At the Fed, Yellen prided herself on staying above the political fray and sticking to the economic arguments.
Persons: Janet Yellen, Joe Biden's, Yellen, she's, Greg Valliere, Joe Brusuelas, Biden, Brusuelas, Charlie Baker, it's, Warren, Valliere, Elizabeth Warren, Sarah Bloom Raskin, Adam Green, Raskin, Green, Brainard, Roger Ferguson, Ferguson, Dodd, Frank, Seiberg Organizations: CNN, Federal Reserve, US Treasury Department, Treasury, AGF Investments, Fed, RSM, Republicans, Senate, Republican, Progressives, Corporate America, CNN Business, Duke University, Wall, Cowen Washington Research Group Locations: York, United States, Massachusetts, Wells
President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as Treasury secretary, a historic decision that could result in the nation's first woman to lead the department, The Wall Street Journal reported Monday, citing people familiar with the matter. A graduate of Brown and Yale universities, Yellen was also the first woman to serve as Fed chair after her Senate confirmation in 2014. Biden's team had also been eyeing Fed Governor Lael Brainard and former Fed Vice Chair Roger Ferguson for the job, according to people familiar with the transition team's thinking. Before becoming Fed chair, Yellen was at the helm of the San Francisco Federal Reserve Bank and was the 18th chair of the Council of Economic Advisers under the Clinton administration. Steven Mnuchin, President Donald Trump's Treasury secretary, has for months struggled to broker another stimulus bill agreeable to House Democrats and Senate Republicans.
Persons: Joe Biden, Janet Yellen, Yellen, Wall, Sen, Elizabeth Warren, Biden's, Lael Brainard, Roger Ferguson, Clinton, Trump, Jerome Powell, Steven Mnuchin, Donald Trump's, Biden, Antony Blinken, Jake Sullivan Organizations: Street, Republicans, Brown, Yale, Fed, Treasury, Brookings Institute, San Francisco Federal Reserve Bank, of Economic Advisers, Treasury Department, House Democrats, Senate Republicans Locations: U.S
"Yellen talked a lot about higher bank capital levels early in the [financial] crisis, but I think she's a pretty benign outcome for the banking sector. For me that was the real risk of that Treasury secretary appointment was you could get someone that was hawkish on the banking sector," said Knapp. President-elect Joe Biden's choice of Janet Yellen as Treasury Secretary was seen as a win for markets, since the former Federal Reserve chair should focus on fixing the economy rather than the progressive Democratic agenda feared by some investors. Strategists expect the Treasury and Fed to work collaboratively, and some even suggest Yellen could be too cozy with her former Fed colleagues. You were going to end up with complicity between the Fed and Treasury," said Knapp.
Persons: Yellen, we've, it's, Knapp, Biden, Sen, Elizabeth Warren, Lael Brainard, Roger Ferguson, She's, Barry Knapp, Joe Biden's, Janet Yellen, Ed Mills, Raymond James Washington, Wells, Mills, Donald Trump, Jerome Powell, Steven Mnuchin's, Powell, Chris Rupkey, MUFG Union Bank . Knapp, Rupkey, Yun Li Organizations: Republican, Democratic, CNBC, Fed, Federal Reserve, Treasury, MUFG Union Bank, Federal Locations: Wells Fargo, Yellen, Washington
WASHINGTON — Democratic senators are calling on President-elect Joe Biden to use executive power to advance goals such as tackling climate change, relieving student debt and creating a more progressive immigration system. "I think President Biden has significant executive power. "From Treasury to State to Interior (departments) and the financial regulators, climate action and climate risk management has to be infused into literally everything," he said. Even if Democrats capture both Georgia seats and take control of the Senate, McConnell would retain the power to filibuster legislation and force a 60-vote threshold. Jamal Brown, a spokesman for Biden's transition team, said his agenda will include executive power.
Persons: Joe Biden, Biden, Donald Trump, Sen, Ed Markey, Markey, Mitch McConnell, stonewall, Ron Wyden, Brian Schatz, Elizabeth Warren, Chuck Schumer, McConnell, Joe Manchin, Nancy Pelosi's, Barack Obama, Wyden, Mazie Hirono, Mitch McConnell —, Hirono, playbook, We've, Mitch, He's, didn't, Jeff Hauser, Hauser, Ruth Bader Ginsburg, Amy Coney Barrett, Obama, Jamal Brown, Brown Organizations: WASHINGTON, Democratic, Georgia Senate runoffs, NBC News, Higher, Senate, Act, White House, Biden, Republicans Locations: United States, Paris, Ky, Hawaii, State, Interior, bipartisanship, Georgia
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