February 10, 2021
Under-appreciated in the Michael Barr press blitz (again, including by us) is Barr’s current listed work as an advisor to the venture capital firm NYCA Partners, which exclusively invests in fintech startups.
February 08, 2021
This week, the Senate begins its historic second impeachment trial of former President Donald Trump centered on his attempt to overthrow the 2020 presidential election results by inciting an insurrection on the US Capitol that ultimately resulted in five deaths. Yet, rather than a singularly heinous act unmoored from the rest of his presidency, Trump’s attempted coup was the culmination of years of attacks on the federal government. Today, the Revolving Door Project released a memo, “Existential Threat to the Civil Service: Politicization Under Trump,” which charts Trump’s long war on the people and agencies that constitute the backbone of our country.
February 05, 2021
It has been just over two weeks since President Joe Biden assumed the presidency. So far, six of his Cabinet picks have received Senate confirmation while the remaining 17 who will require it wend their way through the process. In the meantime, the administration continues to announce names for the nearly 4000 other positions it will need to fill. With only one exception, however, picks for one class of appointment — to independent agency boards — have not yet been forthcoming. The Biden administration undoubtedly faces many competing priorities but these nominations must rise to the top.
February 04, 2021 | American Prospect
As grinding as the cabinet fights have been, they’re only the first wave of the Biden administration’s personnel. Now comes a new stage of the transition, in which the newly-named secretaries choose their own undersecretaries and senior advisers. Although occupants of these positions typically operate outside the national spotlight, they still wield enormous power.
February 04, 2021
Some mixed news for progressive tax enthusiasts: Joe Biden’s administration has chosen both a committed progressive tax advocate and a Republican career expert in corporate tax avoidance for its first two appointees to the Treasury’s Office of Tax Policy. We’re now in a strange situation where experts who testified on opposite sides of the 2017 Tax Cuts and Jobs Act will now serve shoulder-to-shoulder.
February 03, 2021
Heidi Crebo-Rediker has been publicly floated as a potential pick to serve as a high-level Treasury Department official. DC’s self-dealing politico culture means her husband, Doug Rediker, is also in the mix for a Biden administration job. This news is deeply concerning, given the couple’s shared history cashing in on their insider government ties as the founders of geopolitical investment advisory firm, International Capital Strategies. Heidi and Doug’s history of revolving between Wall Street and government should give any neutral observer pause.
February 02, 2021 | Talking Points Memo
It is no longer tolerable to confirm nominees who lack awareness of the scale of our climate emergency and the immense work needed to address it across all aspects of American life.
February 02, 2021
During Janet Yellen’s confirmation hearing to become Secretary of the Treasury, she promised to “look to appoint someone at a very senior level” to lead the Treasury’s efforts on climate action.
February 01, 2021
The Bush Administration twisted the government’s neutral hiring process to staff the career civil service with right-wing ideologues. We don’t yet know if Trump did the same thing. And we won’t find out without help from Congress.
February 01, 2021 | The Intercept
Fintech is neither inherently good nor bad; rather, like any technology, its potential impact on society is closely tied to the policy decisions guiding its use — and the next four years could define how much the fintech industry is able to shape the financial system. Left to their own devices, fintech firms could swindle average people through ill-advised day-trading or high-interest loans, usher new systemic risks into the financial system, and develop traceable, privately owned currencies with the potential to replace cash.
January 29, 2021
The American Prospect reported today that Cass Sunstein, the former Administrator of the Office of Information and Regulatory Affairs (OIRA), is telling colleagues he is in line for a job in the Biden Administration. Environmental, labor, consumer advocacy, and progressive economic groups are united in their disdain toward Sunstein for his attacks on common-sense regulation throughout his time in the Obama Administration.
January 27, 2021
Last week, Joe Biden assumed the presidency amid multiple, overlapping, short- and long-term crises. The list of priorities for the new administration is long and fights over the relative emphasis placed on each are surely incoming. To sidestep these ugly battles and ensure that his administration rises to meet each of these pressing crises, President Joe Biden must use all available powers to rebuild the federal government’s capacity to act in the public interest. The Revolving Door Project’s latest memo, “Rapid Reinforcements: A Guide to Federal Hiring Authorities,” enumerates the authorities that a Biden administration can and should use to scale up civil service capacity quickly.
January 26, 2021
Lately, fintech-funded individuals like Michael Barr have been rumored for powerful financial regulatory positions, despite the fact that this would leave them in charge of decisions directly affecting the firms they advised.
January 26, 2021
The right-wing’s revolving door attacks on President Biden are intensifying, with a particular focus on the new President’s ties to Big Tech. Biden must beware the potency of these attacks and address them head-on.