President-elect Joe Biden rolled out the first set of nominations for his economic team on Monday, formally announcing his selection of Janet Yellen to be Treasury secretary, Neera Tanden to lead the office of management and budget and Cecilia Rouse to head the Council of Economic Advisers (CEA).

Biden also announced his intent to nominate Adewale Adeyemo, a former senior adviser at BlackRock, to be deputy Treasury secretary. Adeyemo is a Nigerian-born attorney and president of the Obama Foundation...

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