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Thu Oct 29, 2020, 05:09 PM

Elizabeth Warren Will Make Case To Be Biden's Treasury Secretary: Politco Exclusive

POLITICO Exclusive: Warren will make case to be Biden's Treasury secretary. Oct 29, 2020. 31 mins ago.

Elizabeth Warren wants to be Joe Biden's Treasury secretary and will make her case for it if he wins next week, according to three Democratic officials who have spoken with her inner circle. “She wants it,” two of them said matter-of-factly. Warren’s moves could set up the marquee fight between the party's left and its center over what will be one of the most consequential Cabinet roles in the next administration. The Treasury Department will be tasked with steering the U.S. economy out of a deep recession, even as the country continues to struggle with the coronavirus pandemic.

Other leading contenders for the Treasury slot include Federal Reserve Governor Lael Brainard; Sarah Bloom Raskin, a former Treasury Department official; and Roger Ferguson, former Federal Reserve vice chairman and current CEO of financial services giant TIAA. Tapping Warren would rally progressives who have been pushing — some quietly, others loudly — for her to get the role. But it would also likely draw strong opposition from Wall Street and some moderate Democrats.

“It's 5 days out, we're focused on the election and encourage everyone else to be as well,” said Warren spokesperson Kristen Orthman. The Massachusetts senator is set to campaign for Biden in New Hampshire this weekend. While Warren has frequently been mentioned as a candidate for Treasury and she has developed a relationship with Biden as an economic adviser since ending her own presidential bid last spring, there has been uncertainty about her ambitions. She could stay in her safe Senate seat and still be a prominent national political voice.

..Another potential obstacle for Warren: Massachusetts Gov. Charlie Baker, a Republican, would appoint her successor under current state law. Democrats, however, hold a supermajority in the state legislature and could decide to amend the current rules — for example by requiring the governor to choose a replacement from the same party as the previous senator, as seven states already do...

https://www.msn.com/en-us/news/politics/exclusive-warren-will-make-case-to-be-biden-s-treasury-secretary/ar-BB1awiXu

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Reply Elizabeth Warren Will Make Case To Be Biden's Treasury Secretary: Politco Exclusive (Original post)
appalachiablue Oct 2020 OP
MaryMagdaline Oct 2020 #1
appalachiablue Oct 2020 #3
elleng Oct 2020 #2
Mike Nelson Oct 2020 #4
Mr.Bill Oct 2020 #6
Budi Oct 2020 #5

Response to appalachiablue (Original post)

Thu Oct 29, 2020, 05:10 PM

1. We need her in the senate. Does the governor of mass appoint a replacement?

We need to pass major legislation

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Response to MaryMagdaline (Reply #1)

Thu Oct 29, 2020, 05:15 PM

3. From the article,

..Another potential obstacle for Warren: Massachusetts Gov. Charlie Baker, a Republican, would appoint her successor under current state law. Democrats, however, hold a supermajority in the state legislature and could decide to amend the current rules — for example by requiring the governor to choose a replacement from the same party as the previous senator, as seven states already do...

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Response to appalachiablue (Original post)

Thu Oct 29, 2020, 05:11 PM

2. She's ALREADY made the case , imo.

There are obstacles, of course.

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Response to appalachiablue (Original post)

Thu Oct 29, 2020, 05:21 PM

4. I think...

... we need her in the Senate. I don't think we should trust the Gov. to pick her replacement. If they make the "same party" rule, they could have someone change parties, then appoint. They could also find a DINO. I would like her to work on policy, but where she is... a big role in the Senate.



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Response to Mike Nelson (Reply #4)

Thu Oct 29, 2020, 06:20 PM

6. Let's wait until we see how the elections turn out.

It makes a big difference whether we have 50 Democratic Senators or 56.

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Response to appalachiablue (Original post)

Thu Oct 29, 2020, 05:38 PM

5. Other leading contenders for the Treasury slot :

Other leading contenders for the Treasury slot include Federal Reserve Governor Lael Brainard; Sarah Bloom Raskin, a former Treasury Department official; and Roger Ferguson, former Federal Reserve vice chairman and current CEO of financial services giant TIAA.

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