Report: Warren Wants to be Treasury Secretary in Potential Biden Administration

Written by Martin Walsh

OPINION: This article contains commentary which reflects the author's opinion

Massachusetts Democratic Sen. Elizabeth Warren was once competing against Joe Biden for the 2020 Democratic nomination.

Now, she reportedly wants to join Biden’s administration if he wins the election.

Warren wants to be Biden’s Treasury secretary and will make her case for it if he wins next week, according to three Democratic officials who spoke to Politico.

Warren plans to make her case for the position depending on the outcome of next week’s election, the publication said.

“She wants it,” two of the officials told Politico.

“It’s 5 days out, we’re focused on the election and encourage everyone else to be as well,” said Warren spokesperson Kristen Orthman. The Massachusetts senator is set to campaign for Biden in New Hampshire this weekend.

“She’d be the person to meet the moment,” said Sara Nelson, president of the Association of Flight Attendants labor union, who added that she doesn’t know anything about Warren’s plans and is focused on electing Democrats next week. “She understands all the failed strategies in the past in terms of how to rebuild the economy and how to shore up average Americans.”

A fourth Democratic source who spoke with former Warren staffers said if Warren does not get the Treasury spot, she would likely want to stay in the Senate and push for a seat on the chamber’s influential Finance Committee, which oversees the agency.

The role of the Treasury Secretary, currently filled by Steven Mnuchin, is to promote policies and conditions that strengthen the U.S. economy and create jobs, in addition to protecting the integrity of the financial system.

The economy is currently combating a coronavirus-induced recession that began in February, which triggered the loss of 22 million jobs.

Nearly half of those jobs have already been recovered.

If Warren were to become a top contender for the spot, it could spark backlash on Wall Street, according to some critics.

Warren is a progressive and a staunch consumer advocate who centered her campaign around fighting corporate greed.

During her run for the presidency, she unveiled a multitude of proposals that took aim at some of the country’s largest companies – including Amazon and Google – as she championed working-class Americans.

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She proposed policies to hike taxes on the richest Americans, including a wealth tax that aimed to break up concentrated fortunes.

She also spearheaded the creation of the Consumer Financial Protection Bureau, which came to fruition under the Obama administration.