Senate confirms Yellen as first female Treasury secretary

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The Senate on Monday confirmed Janet Yellen as the first woman to lead the Treasury Department, where her immediate priority will be addressing the coronavirus recession.

Yellen, a Democrat, was confirmed by the Senate 84-15, with broad bipartisan support. All 15 “no” votes came from Republicans.

The Senate Finance Committee unanimously approved Yellen’s nomination last week, with Democrats and even Republicans touting her qualifications despite GOP opposition to much of President Biden’s economic agenda. Continue reading.

Senate confirms Antony Blinken as secretary of state

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The Senate voted 78-22 on Tuesday to confirm Antony Blinken as secretary of state. 

Why it matters: Blinken, a longtime adviser to President Biden, will lead the administration’s diplomatic efforts to re-engage with the world after four years of former President Trump’s “America first” policy.

Background: Blinken is a French-speaker and step-son of a Holocaust survivor whose stories he credits with shaping his worldview. Like Biden, Blinken is a committed multilateralist and advocate for the United States as a leading force for good in the world. Continue reading.

Another urgent item for Biden’s to-do list: The looming Social Security funding crisis

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The effects of the pandemic and the recession could accelerate shortfalls in trust funds

When you inherit a mess, as President Biden has, everyone needs you to make their issue a priority.

The coronavirus is still spreading, causing thousands of deaths each day, and we can’t get enough vaccine in the arms of people to stop it or at least slow it down.

People are struggling to pay their rent or mortgages or put food on the table. Last week, 900,000 people filed new unemployment claims. Continue reading.

Joe Biden Will Sign 2 Executive Orders on Economy Friday—Here’s What They Are

President Joe Biden will sign two more executive orders on Friday—the latest in a raft of actions he’s taken with just the stroke of his pen since taking office on Wednesday.

“The American people can’t afford to wait—so many are hanging by a thread, and they need help,” Biden’s top economic adviser Brian Deese told Newsweek and other reporters in a preview of the anticipated orders. “We are committed to doing everything we can to provide that help with this quickly as possible.”

One will direct federal agencies to extend various forms of emergency relief, as possible with existing authority. The second will increase pay and provide additional protections for federal workers and contractors. Continue reading.

Biden Orders Sweeping Assessment of Russian Hacking, Even While Renewing Nuclear Treaty

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There will be no “reset” of the American relationship with Moscow, administration officials say. But in an era of constant confrontation in cyberspace, the president seeks to avoid a nuclear arms race.

WASHINGTON — President Biden ordered a sweeping review on Thursday of American intelligence about Russia’s role in a highly sophisticated hacking of government and corporate computer networks, along with what his spokeswoman called Moscow’s “reckless and adversarial actions” globally and against dissidents inside the country.

At the same time, White House officials said the president would seek a clean, five-year extension of the last remaining nuclear arms treaty between the two countries, which expires in two weeks.

While Mr. Biden has long favored the extension, there was debate among his top aides about how long it should be. He chose the most time available under the treaty’s terms, in hopes, his aides said, of preventing a nuclear arms race at a time the new president expects to be in a state of near-constant, low-level competition and confrontation with Moscow around the world — and particularly in cyberspace. Continue reading.

Biden administration to seek five-year extension on key nuclear arms treaty in first foray with Russia

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President Biden is seeking a five-year extension with Russia on the only remaining treaty limiting the world’s two largest nuclear arsenals just days before it expires, said two senior U.S. officials.

At the same time, his administration is preparing to impose new costs on Russia pending a newly requested intelligence assessment of its recent activities. The officials said Biden is ruling out a “reset” in bilateral relations with Moscow as many U.S. presidents have done since the end of the Cold War.

“As we work with Russia, so, too, will we work to hold Russia accountable for their reckless and aggressive actions that we’ve seen in recent months and years,” said a senior U.S. official, who like others spoke on the condition of anonymity to discuss a sensitive security matter. Continue reading.

Biden to keep Wray as FBI director

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President Biden plans to keep FBI Director Christopher Wray in his position, allowing him to continue serving out his 10-year term.

Wray was nominated by then-President Trump to helm the FBI in June 2017, after Trump abruptly fired James Comey from the position as the bureau was investigating his campaign’s communications with Russia.

White House press secretary Jen Psaki did not directly answer when asked at a briefing Wednesday evening whether Biden had confidence in Wray, saying she had not spoken with Biden about Wray specifically “in recent days.” Continue reading.

Biden releases national COVID strategy, will order agencies to use Defense Production Act

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President Biden released his national strategy to end the COVID-19 pandemic Thursday, which will include using the Defense Production Act (DPA) and other powers to speed up the manufacturing of testing and vaccine supplies and other items needed to fight COVID-19. 

The Trump administration had resisted calls to release a comprehensive plan to fight COVID-19, instead deferring significant authority to the states. The plan released by the Biden administration Thursday aims to instill confidence in the U.S. pandemic response by accelerating the vaccine rollout, boosting testing and access to treatments and protecting those at most risk, including communities of color.

“For almost a year now, Americans could not look to the federal government for any strategy, let alone a comprehensive approach to respond to COVID,” said Jeff Zients, Biden’s COVID-19 response coordinator.  Continue reading.

Biden to extend eviction moratorium through March

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The executive action is expected to shield millions from losing their homes

On his first day as president, Joe Biden plans to sign an executive order extending a freeze on evictions nationwide through the end of March, a move aimed at shielding millions of renters struggling during the pandemic.

Biden officials said the new president will on Wednesday approve a raft of executive actions to address issues ranging from immigration to the public health crisis caused by the pandemic.

As part of this Day One action, Biden is expected to sign orders to extend the eviction moratorium and to pause student loan interest payments, while pushing Congress to approve the $1.9 trillion economic relief plan he unveiled last week. Continue reading.

Senate confirms Austin to lead Pentagon under Biden

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The Senate has approved President Biden’s nominee to lead the Pentagon, paving the way for retired Gen. Lloyd Austin to make history as the nation’s first Black secretary of Defense.

The Senate confirmed Austin in a 93-2 Friday morning vote, giving Biden his second Cabinet member two days after his inauguration.

Presidents typically have key national security nominees confirmed on Inauguration Day, but a combination of factors — including the Trump administration delaying the transition, control of the Senate being up in the air until the Georgia runoffs in early January and the Jan. 6 attack on the Capitol — meant Biden only got one confirmed on his first day: Director of National Intelligence Avril Haines. Continue reading.