June 02, 2021
Working Paper: New Federal Reserve Governors Must Deploy All of the Institution’s Tools to Advance the Public Interest
Over the course of the next eight months, Biden will have the opportunity to reshape the Federal Reserve Board of Governors with nominations for up to four of its seven seats, including the positions of Vice Chair of Supervision, Vice Chair, and Chair (listed in the order they will become vacant). In choosing nominees for these posts, it will be essential that Biden consider the full weight of the Federal Reserve’s immense power and select individuals who are ready and willing to deploy every ounce of it to advance the public interest.
May 13, 2021
Presidents are only as effective as the administrations they assemble. FDR’s “brain trust,” for example, drove his effective first term. As President Biden seeks to surpass his predecessors’ accomplishments and become the most effective president of the past 60 years, the staff with whom he surrounds himself are essential. For over a thousand members of his team, Senate confirmation stands between them and the critical task ahead, making it crucial that Biden quickly make nominations to get these senior leaders working towards his vision as soon as possible. As the traditional post-New Deal metric of how a young administration is performing, the 100th day in office is a chance to look back on the Biden administration’s progress thus far and compare it to the Obama administration.
May 07, 2021
Biden has accomplished a great deal in his first 100 days in office. Millions have been vaccinated, relief measures have been passed to address ongoing economic pain, and important portions of Trump’s agenda have been reversed. Yet, despite the scale of these accomplishments, the Biden administration is still far from having maximized its potential impact, particularly when it comes to executive branch power.
May 06, 2021
President Biden has nominated three candidates — Ron Stroman, Anton Hajjar and Amber McReynolds — to vacant seats on the USPS Board of Governors. While these nominations are a good start, they won’t be enough to give the board a majority that can fire Postmaster General Louis DeJoy.
April 16, 2021
It is relatively well known, for example, that the Internal Revenue Service has long suffered from under-investments in its budget. Less appreciated, however, are independent facets within the IRS which, rather than being primarily burdened by budget constraints, have simply been forgotten. One such facet is the IRS Oversight Board (IRSOB), which is supposed to provide guidance to the president on the IRS Commissioner and develop long-term strategic plans for the agency. The Board has lacked the five members necessary for a quorum since 2015.
April 06, 2021
After over two months in office, President Joe Biden has a Cabinet. And his administration continues to announce names for the nearly 4000 other positions it will need to fill. With only a few exceptions, however, picks for one class of appointment — to independent agency boards — have been slow to emerge. The Biden administration undoubtedly faces many competing priorities, but these nominations must rise to the top.
March 31, 2021
Jockeying to shape the upcoming infrastructure package is well underway. Our attention, however, is on an important deadline this Sunday. April 4 is the last day for lawmakers to introduce Congressional Review Act resolutions to strike eligible Trump rules from the books. If they don’t meet this deadline, the Biden administration will have to undertake a lengthy administrative process to reverse those regulations. By forcing Biden to dedicate resources to these rollbacks and delaying the start of new rulemakings, failure to act now could set this administration back on everything from civil rights and financial regulation to housing and environmental regulation.
March 17, 2021
Almost two months after he took office, Biden’s Cabinet is nearing completion. Nearly all of the six remaining spots seem set to be filled in relatively short order. Now, with the senior-most leadership in place, more permanent hiring for other political roles is likely to accelerate. And with that in mind progressives and good government groups are engaging in another push to ensure that public interest-minded officials populate all levels of political leadership. On Thursday, 46 groups sent a letter to Chief of Staff Ron Klain asking that new hires at the Justice Department not hail from BigLaw and that those with connections to firms who have already been hired recuse from policy and personnel decisions that could impact former clients. When asked whether the Biden administration would heed that call, White House spokesperson Jen Psaki was noncommittal. That’s disappointing — demanding recusals from BigTech and BigLaw tied hires should be a no-brainer (and, in fact, it’s already a step down from our preferred solution, which is not to appoint them at all) — but, if there’s one thing the administration should know by now, it’s that we’ll not be letting them off the hook when it comes to conflicts of interest.
March 16, 2021
Title 1 of the Dodd-Frank Act Title established the Financial Stability Oversight Council (FSOC) just over a decade ago. Prior to its arrival, there was no cross-agency government body tasked with protecting the financial system from systemic risks. FSOC was created to avoid repeating the mistakes of the 2008 financial crisis and to be a safeguard against financial practices with the potential to wreak global havoc.
March 16, 2021
A Slam Dunk Climate Opportunity For Biden: Five Open Seats On The Federal Retirement Thrift Investment Board
President Biden is being presented with a straightforward, simple opportunity to make good on his promise to take a whole-of-government approach to fighting climate change. Appointing climate leaders who will take urgent climate action even if their job descriptions do not explicitly mention the environment is one of the easiest and most important ways Biden can display integrity.
March 05, 2021
It has been over a month since President Joe Biden assumed the presidency. So far, thirteen of his Cabinet picks have received Senate confirmation, while the remaining ten 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 a few exceptions, 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.
March 03, 2021
It’s been over a month since Biden took office and four months since he and his transition team began choosing appointees in earnest. That makes it an apt time for a tentative assessment. In a new release with Demand Progress, we gave him a B-, with wide variation across issue areas.
February 19, 2021
On January 20, Joe Biden was sworn in as the country’s 46th President. It will be months, even years, however, before all of the accompanying members of his administration are in place. With over 4000 positions to fill, the vetting and selection process necessary to stand up a new administration is formidable. Add to that the lengthy road to Senate confirmation for over 1000 of those picks and you have a recipe for dysfunction.
February 17, 2021
President Biden has committed his administration to countering economic and racial injustice. One area in which such injustices are notoriously and particularly prevalent is the criminal justice system, a reality all too clear for the millions of currently incarcerated Americans. Numerous studies have demonstrated the effects of systemic racism and classism on likelihood of arrest and imprisonment, but such discrimination also extends to the end of one’s sentence when an individual has the opportunity to begin their reintegration into society.
February 11, 2021 | The American Prospect
Throughout several decades in the Senate, Joe Biden earned a reputation as an institutionalist. Extraordinary circumstances, however, are pushing the new president to cast aside many of his beloved norms when they fail to account for these exceptional times. In just a few short weeks, Biden has removed officials whose predecessors had never before been fired. And faced with predictable Republican obstruction on his signature pandemic response bill, he’s eschewed endless waiting for compromise in favor of budget reconciliation.