Shocking Resignation Rocks Biden Administration’s Economic Team

Shocking Resignation Rocks Biden Administration's Economic Team

( – During President Joe Biden’s first year in the White House, there was very little turnover, with only five people departing from his administration. That number more than quadrupled to 21 during his second year. Last month, the administration announced that the White House Chief of Staff Ron Klain would step down. Now, the news has broken that the director of the National Economic Council (NEC), Brian Deese, is also departing.

Who Is Brian Deese?

As director of the NEC, Deese is responsible for working with several different departments in the administration to help implement and coordinate economic policy objectives. Biden appointed him in early December, after winning the election, and he has played a pivotal role in passing multiple pieces of economic legislation including climate change, health care, infrastructure, and computer chip manufacturing.

This wasn’t Deese’s first foray into politics. He served as deputy director of both the NEC and Office of Management and Budget under the Obama Administration as well as acting as a senior adviser to former President Barack Obama. Between his political stints, he headed up BlackRock’s sustainable investing branch.

There is no timetable for Deese’s departure, and the Biden Administration has not named any possible replacements, though there is some speculation.

Ron Klain’s Resignation

Ron Klain is another pivotal figure in the president’s administration to tender his resignation. According to sources close to Klain, he said he’s ready to move on from his position as the White House chief of staff. During his time in the administration, he, like Deese, played an instrumental role in helping to pass infrastructure legislation, address climate change issues, and pass the controversial student loan forgiveness plan that is currently hung up in the courts.

Unlike Deese, there is a replacement lined up for Klain: Jeff Zients. Zients will bring with him, according to Axios, an entirely new management style. He likely won’t be present as much on Twitter, for example, and he will lead on a time-is-money approach, abandoning the idea of countless meetings in favor of short phone calls.

According to Biden, as reported by Axios, Zients will focus more heavily on the implementation of the critical bills Klain helped pass rather than crafting new legislation.

Klain’s official last day in office is Wednesday, February 8, and according to Biden, he will leave on a good note. The departing official recently gave a teary goodbye, according to the New York Post, saying, “this is the best job [he] ever had.”

~Here’s to Your Prosperity!

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