Speed Reads

biden-harris transition

Elizabeth Warren appears to have 'strongly' influenced the shape of Biden’s Treasury

Sen. Elizabeth Warren (D-Mass.) won't be leading the Treasury Department for the incoming Biden administration, but that doesn't mean she hasn't played a role in crafting the department's new look.

President-elect Joe Biden on Tuesday, while introducing his economic team, said that Warren "highly recommended" Wally Adeyemo, his choice for deputy Treasury secretary.

In addition to championing Adeyemo, Warren was also reportedly very enthusiastic about Biden nominating Janet Yellen for Treasury Secretary, the job she apparently coveted, suggesting that she will have some influence over its policy strategy, at least on the economic side of things. Tim O'Donnell