President Joe Biden’s candidate for Deputy Secretary of Finance, Wally Adeyemo, is expected to focus on national security at a Senate confirmation hearing, including undertaking China for unfair practices. I will.
Adeyemo will appear in front of the Senate Finance Committee on Tuesday. According to the prepared opening remarks obtained by CBS News, AdeyemoIt is important not only for economic prosperity, but also for promoting national security. He will also leverage his experience as a National Security Adviser under former President Obama.
“If confirmed, I was asked by [Treasury]Address many of the Treasury’s national security priorities. ”
His focus is on US competitiveness, the US regaining its credibility as a world leader, and using Treasury tools to protect its citizens from domestic and international threats.
“The Treasury tools respond to authoritarian governments trying to destroy our democratic institutions, fighting unfair economic practices in China and elsewhere, and trying to harm us. It has to play a role in detecting and eliminating tissue, “he says.
Regarding America’s competitiveness, Adeyemo calls for innovation, targeted investment in industry and technology, and the pursuit of policies that protect American workers from anti-competitive trade practices.
“By taking steps to invest domestically, we and our workers are in the best position to compete globally,” he says. “American businesses and workers are the most innovative in the world and have prospered whenever they are allowed to compete in equal competition.”
Adeyemo also advocates working with allies to combat threats to both the economy and national security.
Adeyemo’s confirmation hearing will take place as Congressional Democrats move forward with a $ 1.9 trillion COVID bailout package. In his remarks, Adeemo witnesses the devastation caused by the Great Depression near California where he grew up and talks about how COVID-19 is currently affecting the region.
“It is in our economic and national security interests to tackle the challenges faced by the people of the Inland Empire, and such communities throughout the country,” he says. “The actions we take today need to not only protect these Americans from COVID-19, but also lay the foundation for years of economic prosperity and opportunity.”
Adeyemo will be featured at a hearing by Massachusetts Senator Elizabeth Warren. He was once the Chief of Staff and helped establish the Consumer Financial Protection Bureau. Prior to being appointed Deputy Secretary of Finance, Adeemo was also Deputy Secretary of the National Economic Council.
Once confirmed, Adeemo will be the first African-American to serve as Deputy Secretary of Finance.
Deputy Secretary of Finance Candidate Focusing on National Security at Confirmation Hearing
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