Report: Biden Drops Clues On Treasury, Fed Appointees
WILMINGTON, Del. (AP) — President-elect Joe Biden's first Cabinet picks are coming Tuesday and several names and clues leaked throughout the day Monday.
One popular name to lead the Treasury Department might be staying at the Federal Reserve, according to a tweet from a Bloomberg News reporter:

Biden team transition spokesman Andrew Bates denied the report today.
Ron Klain, Biden’s incoming chief of staff, offered no details Sunday about which department heads Biden would first announce. The Associated Press has reported that Biden could name his nominee for secretary of state or treasury secretary this coming week.
Biden has pledged to build the most diverse government in modern history, and he and his team often speak about their desire for his administration to reflect America. He is being watched to see whether he will make history by nominating the first woman to lead the Pentagon, the Treasury Department or the Department of Veterans Affairs, or the first African American at the top the Defense Department, the Interior Department or the Treasury Department.
Biden said last week he had settled on his pick for treasury secretary.
Klain said the Trump administration's refusal to clear the way for Biden's team to have access to key information about agencies and federal dollars for the transition is taking its toll on planning, including the Cabinet selection process. Trump's General Services Administration has yet to acknowledge that Biden won the election — a determination that would remove those roadblocks.
“We’re not in a position to get background checks on Cabinet nominees. And so there are definite impacts. Those impacts escalate every day,” Klain told ABC's “This Week.”
Even some Republicans have broken with Trump in recent days and called on him to accept the results of the election.
Sen. Lamar Alexander, R-Tenn., said there was a “very good chance” Biden would be president and that Biden and his team should have access to relevant information for the transition. After a federal judge's ruling against the Trump campaign in an election challenge in Pennsylvania on Saturday, GOP Sen. Pat Toomey of Pennsylvania said the president had “exhausted all plausible legal options” and Toomey congratulated Biden on his win.
And on Sunday, former Republican Gov. Chris Christie of New Jersey, a longtime Trump supporter, said on ABC that it was time for the president to stop contesting the outcome. Christie said Trump's his legal team was a “national embarrassment.”



Personalization Through Innovation: How Term Life Is Meeting Growing Needs
Life Insurance New Annualized Premium Up 2% In 3Q, LIMRA Reports
Advisor News
- Retirement is increasingly defined by a secure income stream
- Addressing the ‘menopause tax:’ A guide for advisors with female clients
- Alternative investments in 401(k)s: What advisors must know
- The modern advisor: Merging income, insurance, and investments
- Financial shocks, caregiving gaps and inflation pressures persist
More Advisor NewsAnnuity News
- Ameritas settles with Navy vet in lawsuit over disputed annuity sale
- NAIC annuity guidance updates divide insurance and advisory groups
- Retirement is increasingly defined by a secure income stream
- Beyond the S&P 500: The case for RILA diversification
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
More Annuity NewsHealth/Employee Benefits News
- Gabriel Bosslet: Stewardship over profit — why Indiana must rethink the Medicaid middle
- SHOP SMART FOR HEALTH INSURANCE
- CMS announces moratorium on new Medicare hospice/home health enrollment
- EXPANDING MEDICAID COVERAGE LOWERED DEATH RATES FOR YOUNG ADULTS WITH KIDNEY FAILURE
- Insurance won’t cover Ozempic? WA court sparks discrimination debate
More Health/Employee Benefits NewsLife Insurance News
- U-Haul Holding Company Schedules Fourth Quarter Fiscal Year End 2026 Financial Results Release and Investor Webcast
- New Empathy and LIMRA Research: The Overlooked Opportunity to Engage the Next Generation After an Insurance Payout
- Symetra Names Jeff Sealey Vice President, Stop Loss Captives
- 3 ways AI can help close the gap for women’s insurance coverage
- Best’s Market Segment Report: AM Best Revises Outlook on Italy’s Life Insurance Segment to Stable From Negative
More Life Insurance News