Wilmington
President-elect Joe Biden presented his economic team on Tuesday and pledged they will lead the charge oacn a plan to provide more relief for the faltering US economy, which his future Treasury secretary called an “American tragedy.”
The diverse group, with women and minorities in key roles, is set to inherit the fallout from millions of job losses including an ongoing wave of corporations laying off workers and small businesses shutting their doors amid a spike in Covid-19 cases.
Even with good news on possible vaccines, economists warn they may not come soon enough to prevent further damage as an initial sharp recovery loses steam. “I know times are tough, but I want you to know that help is on the way,” Biden said at the event to introduce the “tested and experienced” team led by Treasury secretary nominee Janet Yellen.–AFP
