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Chairman Yarmuth: Biden-Harris’ “Unmatched Economic Team” Critical to Delivering Urgent Relief, Building A More Inclusive Economy

Washington, D.C.— Today, Kentucky Representative John Yarmuth, Chairman of the House Budget Committee, issued this statement after President-elect Biden and Vice President-elect Harris announced appointments for key economic roles:

“President-elect Biden and Vice President-elect Harris have assembled a brilliant, unmatched economic team, whose decades of experience, strong commitment to public service, and unwavering support for building an inclusive economy that values workers and expands opportunities will be a critical asset as our nation and economy recover from the pandemic.

“The historic nomination of Dr. Janet Yellen for Treasury Secretary instills confidence and security – within and beyond our borders – during this critical moment for American families. We look forward to inviting her to appear before the House Budget Committee to discuss her plans to strengthen the economy and build a brighter future.

“The Trump Administration used the Office of Management and Budget (OMB) to methodically undermine foundational budget laws and erode our system of checks and balances to advance President Trump’s political agenda. OMB’s next leader will have a tough charge: she will need to quickly put the agency back on the right side of the law and re-establish the important role of career officials, while working to help restore faith in our democratic institutions and ensure our nation’s budget will build a better, stronger, and more just economy. Neera Tanden is up to the task. She knows the importance of preserving and protecting our institutions, has the professional and personal experience to lead this key agency, and has a proven track record of fighting for working Americans. The House Budget Committee looks forward to working with an OMB Director who understands and respects Congress’ central role in funding decisions.

“Both Dr. Jared Bernstein and Dr. Heather Boushey have provided expert testimony to the Budget Committee, and their nominations to the Council of Economic Advisers are well-deserved. Their work to advance economic policies that put workers and families first will help move our nation forward while ensuring economic growth is broadly shared.

“Along with Dr. Cecilia Rouse and Wally Adeyemo, this accomplished team will be critical to delivering urgent and meaningful relief to the American people and building a more inclusive economy that works for all Americans.”

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