Speed Reads

filling the cabinet

Elizabeth Warren reportedly wants to be Biden's Treasury secretary

Sen. Elizabeth Warren (D-Mass.) is reportedly looking to make a big, structural career change.

The former presidential candidate is ready to make her case to be Democratic nominee Joe Biden's Treasury secretary should he win next week, three Democratic officials who have spoken to her inner circle tell Politico; Two straightforwardly said "she wants it." A Warren Treasury would appeal to progressives who have been reluctant to support Biden, but also draw opposition from Wall Street leaders Warren would try to regulate.

Warren certainly has the background to lead the Treasury. She's an expert on bankruptcy law, originated the Consumer Financial Protection Bureau under former President Barack Obama, and made economic reform a big part of her 2020 campaign. And while she could keep advocating for these goals in the Senate, Warren allies tell Politico this is "a once-in-a lifetime opportunity to enact some of the 'big structural change' she talked about during the presidential primary." Warren also would like to "rectify what she thinks were mistakes in the Obama administration's response to the Great Recession," namely not reshaping the system as a whole, Politico adds.

Biden's potential Cabinet has been in the works for months, with Politico reporting he wants to "assemble a center-left amalgamation of personnel designed to prioritize speed over ideology in responding to the coronavirus and the resulting economic ruin." Warren has long been viewed as a more progressive piece of that puzzle, though for now, her campaign says it's focused on the election that's just a few days away.