Fox Business has discovered that chief economic adviser to President Biden and author of his $1.9 trillion American Rescue Plan Brian Deese is leaving his position this month.
A senior White House official has confirmed that Deese plans to depart from his position as director of the National Economic Council in the coming weeks.
To serve @POTUS has been an unimaginable honor,” Deese said in a tweet on Thursday. Thank you for believing in me, for your strong leadership, and for your commitment to ensuring that we achieve your goal of creating an economy that benefits all Americans.
Deese, in her role as head of the National Economic Council, was a major force behind Biden’s economic agenda, contributing to the creation of the $1.9 trillion pandemic relief package, facilitating the passage of bipartisan infrastructure legislation, and arguing for the inclusion of a version of Biden’s Build Back Better plan in the Inflation Reduction Act, which ultimately failed to pass the Senate.
Deese, who served as a senior adviser to President Obama, has long argued in favor of government intervention in the economy. He was instrumental in planning the bailout of the American auto industry during the financial crisis and has also pushed for the United States to join the Paris Climate Accords.
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Trump’s administration confirmed Deese’s departure on Thursday.
The Vice President of the United States, Joe Biden, released a statement thanking Deese for his role in making President Biden’s “economic agenda a reality.”
“Brian’s work was critical to the passage of the most significant economic agenda in generations: the American Rescue Plan, which brought our economy back from the brink; the Bipartisan Infrastructure Law, the most significant investment in our nation’s infrastructure in generations; the CHIPs and Science Act, which ensures we make more high-end technology here at home so we can outcompete the world; and the Inflation Reduction Act, which is giving millions of families breathing room, investing in clean energy manufacturing, and addressing the climate crisis,” Biden said.
No one has been chosen to take the president’s place on the National Economic Council as yet. According to The New York Times, the two most promising candidates are Lael Brainard, the current vice chair of the Federal Reserve, and Wally Adeyemo, the current deputy secretary of the Treasury.
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