President-elect Joe Biden says he has decided who he will nominate to be his Treasury secretary.
Speaking to reporters on Thursday, Biden laid out his timeline for when he would announce the pick.
âYouâll soon hear my choice for Treasury, weâve made that decision. And youâll hear that either just before or just after Thanksgiving,â he said.
He added, âAnd youâll find it is someone who I think will be accepted by all elements of the Democratic Party, from the progressive to the moderate coalitions.â
Watch the video below:
The former vice president has reportedly considered Federal Reserve governor Lael Brainard, former Fed governor Roger Ferguson, and former Fed Chair Janet Yellen for the post.
Meanwhile, it was reported that Sen. Elizabeth Warren (D-Mass.) planned on lobbying Biden for the post. Sources close to Warren told Politico, âShe wants it.â
While nominating Warren for the position would likely satisfy progressive members of the Democratic Party, her Senate seat would be filled at least temporarily by Massachusettsâ Republican governor.Â
Additionally, if Democrats fail to win two run-off elections for Georgiaâs Senate seats, it would likely be an uphill climb to get her nomination approved in the Republican-controlled Senate.
Sen. Chris Murphy (D-Conn.) underscored the resistance Bidenâs nominees are likely to face, âMitch McConnell will force Joe Biden to negotiate every single cabinet secretary, every single district court judge, every single US attorney with him.â
âMy guess is weâll have a constitutional crisis pretty immediately,â he added.
