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WASHINGTON, D.C. – President-elect Joe Biden introduced his picks for several of his most senior economic advisers at a press event on Tuesday afternoon.The group includes liberal economists and policy specialists who established their credentials during the previous two Democratic administrations. Biden is placing a premium on diversity in his selection of Cabinet nominees and key advisers.For treasury secretary, Biden has nominated former Fed chair Janet Yellen. She would be the first woman to lead the Treasury Department in its 231 years of existence. She would also be the first person to serve as treasury secretary, chair of the Federal Reserve, and chair of the Council of Economic Advisers.In introducing Yellen, Biden called her the most qualified person for the job,citing her work at the Fed following the economic recession of the late '00s.In referencing the hit Broadway play "Hamilton," which centers around the life of the first Secretary of Treasury, Alexander Hamilton, Biden joked that Lin Manual-Miranda would eventually need to write a musical based on Yellen's life.Biden has also tapped Neera Tanden to head the Office of Management and Budget. Tanden would be the first woman of color and the first South Asian woman to lead the agency that oversees the federal budget. She currently serves as President and CEO of the Center for American Progress, an organization dedicated to advancing policies that increase opportunity for Americans.Additionally, Biden has chosen Wally Adeyemo as his deputy treasury secretary. He previously served the in the Obama-Biden administration as deputy director of the National Economic Council and deputy national security advisor. He currently serves as president of the Obama Foundation.Adeyemo would be the first African-American to serve in the role.Biden has picked Ceclica Rouse as chair of the Council of Economic Advisers. She’s a former member of the Obama-Biden council and currently serves as Dean of the Princeton School of Public and International Affairs. If confirmed, she will become just the first African American and just the fourth woman to lead the CEA in the 74 years of its existence.Jared Bernstein has been chosen as a member of the Council of Economic Advisers. He previously served as Biden’s chief economist in the first years of the Obama-Biden administration.And Heather Boushey will also become a member of the Council of Economic Advisers. She’s a longtime economic counselor to Biden and currently serves as President and CEO of the Washington Center for Equitable Growth, a nonprofit research and grantmaking organization she cofounded in 2013.Biden released this statement about his economic picks: 2704

WASHINGTON (AP) — President Donald Trump is threatening to veto a defense policy bill unless it ends protections for internet companies that shield them from being held liable for material posted by their users.Trump tweeted Tuesday that Section 230 of the 1996 Communications Decency Act is “a serious threat to our National Security & Election Integrity.”He adds that if it “is not completely terminated as part of the National Defense Authorization Act (NDAA), I will be forced to unequivocally VETO the Bill.”.....Therefore, if the very dangerous & unfair Section 230 is not completely terminated as part of the National Defense Authorization Act (NDAA), I will be forced to unequivocally VETO the Bill when sent to the very beautiful Resolute desk. Take back America NOW. Thank you!— Donald J. Trump (@realDonaldTrump) December 2, 2020 Trump has been waging war against social media companies for months, claiming they are biased against conservative voices.Since his reelection bid failed, Trump has continued to flood his social media channels with unsubstantiated claims of voter fraud. On Twitter, many of his tweets have been tagged with the advisory, “This claim about election fraud is disputed.”Tuesday’s veto threat isn’t the only thing standing in the way of the defense bill being signed into law. The Associated Press found the legislation is being held up in Congress due to an argument over military bases that are named for Confederate officers. The topic gained national attention during the summer as people across the country advocated for racial equality and justice. 1607

WASHINGTON (AP) — President Donald Trump tweeted approvingly of a video showing one of his supporters chanting “white power,” a racist slogan associated with white supremacists. He later deleted the tweet and the White House said the president had not heard “the one statement” on the video. The video appears to have been taken at The Villages, a Florida retirement community. It shows dueling demonstrations between Trump supporters and opponents. Trump tweeted: “Thank you to the great people of The Villages.” South Carolina Sen. Tim Scott told CNN that “there’s no question “ that Trump should not have retweeted the video and ”should just take it down.” Scott is the only Black Republican in the Senate. 717

WASHINGTON (AP) — President Donald Trump plans to address race relations and policing before a friendly audience in Dallas.This comes as Trump weighs executive action on police reform in response to the national outcry following the death of George Floyd.But notably, Dallas’ mayor and three top law enforcement officials, all of whom are black, won’t be on hand for the event.The city police chief, county sheriff and county district attorney were not invited.And Mayor Eric Johnson was invited but will not be attending because of prior commitments.Trump will hold a roundtable discussion Thursday at the Dallas campus of Gateway Church. It’s expected to start at about 4:15 p.m. ET. 693

WASHINGTON (AP) — Vice President Mike Pence and Sen. Kamala Harris tussled Wednesday in the first and only vice presidential debate before the Nov. 3 election, coming as the coronavirus sidelined President Donald Trump at the White House.A look at how the running mates' statements from Salt Lake City stack up with the facts:RUSSIA INVESTIGATIONPENCE, on the conclusions of special counsel Robert Mueller’s Russia investigation: “It was found that there was no obstruction, no collusion. Case closed. And then, Sen. Harris, you and your colleagues in the Congress tried to impeach the president of the United States over a phone call."THE FACTS: That’s a mischaracterization of Mueller’s nearly 450-page report and its core findings.Mueller did not absolve the president of obstructing the investigation into ties between Trump’s 2016 campaign and Russia. Instead, his team examined roughly a dozen episodes in which the president sought to exert his will on the probe, including by firing his FBI director and seeking the ouster of Mueller himself. Ultimately, Mueller declined to reach a conclusion on whether Trump had committed a crime, citing Justice Department policy against indicting a sitting president. That’s not the same as finding “no obstruction.”On collusion, Mueller said he did not assess whether that occurred because it is not a legal term.He looked into a potential criminal conspiracy between Russia and the Trump campaign and said the investigation did not collect sufficient evidence to establish criminal charges on that front.___ECONOMYPENCE: “Joe Biden wants to go back to the economic surrender to China, that when we took office, half of our international trade deficit was with China alone. And Joe Biden wants to repeal all of the tariffs that President Trump put into effect to fight for American jobs and American workers.”THE FACTS: The tariffs were not the win claimed by Pence.For starters, tariffs are taxes that consumers and businesses pay through higher prices. So Pence is defending tax increases. The tariffs against China did cause the trade deficit in goods with China to fall in 2019. But that’s a pyrrhic victory at best as overall U.S. economic growth slowed from 3% to 2.2% because of the trade uncertainty.More important, the Trump administration has not decreased the overall trade imbalance. For all trading partners, the Census Bureau said the trade deficit was 6.9 billion last year, nearly 0 billion higher than during the last year of Barack Obama’s presidency.___HARRIS, on Trump’s tax cuts: “On Day 1, Joe Biden will repeal that tax bill.”THE FACTS: No, that’s not what Biden proposes. He would repeal some of it. Nor can he repeal a law on his own, much less on his first day in office. Harris also said Biden will not raise taxes on people making under 0,000. If he were to repeal the Trump tax cuts across the board, he would be breaking that promise.___CORONAVIRUSHARRIS: "The president said it was a hoax.”THE FACTS: That's misleading.She's referring to a Feb. 28 campaign rally in South Carolina in which Trump said the phrases “the coronavirus” and “this is their new hoax” at separate points. Although his meaning is difficult to discern, the broader context of his words shows he was railing against Democrats for their denunciations of his administration’s coronavirus response.“Now the Democrats are politicizing the coronavirus,” he said at the rally. “You know that, right? Coronavirus. They’re politicizing it.” He meandered briefly to the subject of the messy Democratic primary in Iowa, then the Russia investigation before returning to the pandemic. “They tried the impeachment hoax. ... And this is their new hoax.”Asked at a news conference the day after the rally to clarify his remarks, Trump said he was not referring to the coronavirus itself as a hoax.“No, no, no.” he said. ”‘Hoax’ referring to the action that they take to try and pin this on somebody, because we’ve done such a good job. The hoax is on them, not — I’m not talking about what’s happening here. I’m talking what they’re doing. That’s the hoax.”___PENCE, on the Sept. 26 Rose Garden event after which more than 11 attendees tested positive for COVID-19: “It was an outdoor event, which all of our scientists regularly and routinely advise.”THE FACTS: His suggestion that the event followed public-health safety recommendations is false. The event, introducing Supreme Court nominee Amy Coney Barrett, drew more than 150 people and flouted safety recommendations in multiple ways. And it was not all outside.The U.S. Centers for Disease Control and Prevention says large gatherings of people who have traveled from outside the area and aren’t spaced at least 6 feet apart pose the greatest risk for spreading the virus.That’s exactly the type of high-risk event the White House hosted.Guests were seated close together, not 6 feet apart, in rows of chairs outside. Many were captured on camera clapping backs, shaking hands and talking, barely at arm’s length.The CDC also “strongly encourages” people to wear masks, but few in the Rose Garden wore them. There was also a private reception inside the White House following the Rose Garden ceremony, where some politicians, including North Carolina Republican Sen. Thom Tillis, who has since tested positive, were pictured not wearing masks.___ENVIRONMENTPENCE: “The both of you repeatedly committed to abolishing fossil fuel and banning fracking … President Trump has made clear we’re going to continue to listen to the science” on climate change.THE FACTS: Pence is correct when he says Harris supported banning fracking, incorrect when he says Biden does, and false when he says Trump follows the science on climate change.At a CNN climate change town hall for Democratic presidential candidates last year, Harris said, “There’s no question I’m in favor of banning fracking. Starting with what we can do from Day One on public lands.” Now, as Biden’s running mate, she is bound to his agenda, which is different.Biden has an ambitious climate plan that seeks to rapidly reduce use of fossil fuels. He says he does not support banning hydraulic fracturing, or fracking, however, and says he doubts such a ban is possible.As far as Trump and climate change, Trump’s public comments as president all dismiss the science on climate change — that it’s caused by people burning fossil fuels, and it’s worsening sharply. As recently as last month, Trump said, “I don’t think science knows” what it’s talking about regarding global warming and the resulting worsening of wildfires, hurricanes and other natural disasters. He’s mocked the science in many public comments and tweets.His regulation-cutting has eliminated key Obama-era efforts to reduce fossil fuel emissions.___HEALTH CAREPENCE: “President Trump and I have a plan to improve health care and to protect preexisting conditions for all Americans.”THE FACTS: There is no clear plan. People with preexisting conditions are already protected by the Obama-era Affordable Care Act, and if the Trump administration succeeds in persuading the Supreme Court to overturn it, those protections will be jeopardy.President Donald Trump has signed an executive order declaring it the policy of the U.S. government to protect people with preexisting conditions, but Trump would have to go back to Congress to work out legislation to replace those in “Obamacare.”Various Republican approaches offered in 2017 would have undermined the protections in the ACA, and Trump has not offered details of how his plan would work. Although Trump has been in office nearly four years, he has yet to roll out the comprehensive health proposal he once promised.___MORE ON THE VIRUSPENCE: “He suspended all travel from China, the second-largest economy in the world. Joe Biden opposed that decision, he said it was xenophobic and hysterical.”THE FACTS: Trump’s order did not suspend “all travel from China." He restricted it, and Biden never branded the decision “xenophobic.” Dozens of countries took similar steps to control travel from hot spots before or around the same time the U.S. did.The U.S. restrictions that took effect Feb. 2 continued to allow travel to the U.S. from China’s Hong Kong and Macao territories for months. The Associated Press reported that more than 8,000 Chinese and foreign nationals based in those territories entered the U.S. in the first three months after the travel restrictions were imposed.Additionally, more than 27,000 Americans returned from mainland China in the first month after the restrictions took effect. U.S. officials lost track of more than 1,600 of them who were supposed to be monitored for virus exposure.Biden has accused Trump of having a record of xenophobia but not explicitly in the context of the president’s decision to limit travel from China during the pandemic. Trump took to calling the virus the “China virus” and the “foreign virus” at one point, prompting Biden to urge the country not to take a turn toward xenophobia or racism in the pandemic.___HARRIS, on the effects of the pandemic: “One in five businesses, closed.”THE FACTS: That’s not accurate, as of now. We don’t know yet how many businesses have permanently closed — or could do so in the months ahead.What we do know is that the National Federation of Independent Business said in August that 1 in 5 small businesses will close if economic conditions don’t improve in the next six months.Many small businesses survived in part through the forgivable loans from the Payroll Protection Program. Larger employers such as Disney and Allstate insurance have announced layoffs, as have major airlines. Restaurants that survived the pandemic with outdoor eating will soon face the challenge of cold weather. So it’s too soon to tell how many businesses have closed or will. 9837