Joe Biden has picked Brian Deese as his top economic adviser. Deese will work alongside Janet Yellen and Cecilia Rouse on Biden’s economic team. Deese isn’t new to the White House. He served under former President Barack Obama. As Deese returns to the White House, many people want to know about his experience as an economic adviser and his net worth.
Deese studied political science at Middlebury College and pursed his doctorate in law at Yale Law School. Despite lacking formal training as an economist, Deese has been at the center of some of the government’s most significant economic decisions.
What is Brian Deese's past experience as an economic adviser?
Brian Deese served as an economic adviser to President Obama. He was a special assistant to the president for economic policy, the deputy director of the Office of Management and Budget, and the deputy director of the National Economic Council.
While serving in the Obama administration, Deese was deeply involved in the efforts to revive the economy following the 2008 financial meltdown. Deese’s work on the economic recovery efforts focused on the auto industry, including negotiating the bailout of General Motors and Chrysler.
In addition to working on the auto industry recovery, Deese also coordinated the Obama administration’s policy development on financial regulation, taxes, clean energy, and housing.
For his critical role in rebuilding the economy in the Obama administration, Deese earned media labels like being one of the “most influential voices” for the auto industry and one of the "most powerful, least famous people” in Washington, D.C.
How will Brian Deese help the Biden administration?
The Biden administration is going to need people like Deese a lot. Biden is inheriting an economy that needs to be revived quickly. The COVID-19 pandemic has battered many industries and destroyed millions of jobs. The Fed says that more stimulus will be needed to get the economy back on track even though vaccines could end the COVID-19 pandemic.
Biden is turning to experienced hands with a proven track record of turning around bad economic situations to rebuild the U.S. economy. As the head of the National Economic Council, Deese will be at the center of implementing Biden's economic agenda.
Rebuilding the economy will be the Biden administration's main priority. Deese’s track record as an economic adviser to the Obama administration during the financial crisis shows that he knows how to revive the economy.
Deese will also focus on the climate. He was involved in negotiating the Paris climate agreement. Climate is another priority for Biden, especially after Trump pulled the U.S. out of the Paris climate deal. Biden promised to return the U.S. to the Paris climate agreement. As a result, Deese’s climate experience will be valuable to the Biden administration.
What is Brian Deese's net worth?
Brian Deese's net worth is estimated between $1 million and $5 million. Deese built his fortune working for the government and in the private sector. In the private sector, Deese works for BlackRock, the world’s largest asset manager, as the head of sustainable investing.
Is Brian Deese married?
Brian Deese is married to Kara Arsenault. Deese and Arsenault met in college. The couple got married in 2007. Arsenault's grandfather is World War II veteran Paul Gardiner Scott. There isn't much public information about Deese's wife or children.
Is Brian Deese an author?
Brian Deese co-authored the book Delivering on Debt Relief alongside Nancy Birdsall and John Williamson. Published in 2002, the book discusses the subject of debt relief for poor countries and how it's complicated and controversial. Deese wrote the book while working as a research assistant at the Center for Global Development.