Jon Donenberg – a key architect of Sen. Elizabeth Warren’s signature policy initiatives including her plan to cancel student loan debt – will join President Joe Biden’s National Economic Council as a deputy director, sources told CNN.
Donenberg is poised to enter the top ranks of Biden’s economic team one year ahead of the 2024 election, as the administration is pushing to sell its record on the country’s post-pandemic economic turnaround and boost the public’s grim economic outlook. The move also comes as the White House has been focused on a suite of executive actions aimed at cutting costs for lower-income and middle-class Americans, such as cracking down on so-called “junk fees” and finding ways to cancel student loan debt after the Supreme Court struck down Biden’s initial plan.
Currently Warren’s chief of staff, Donenberg is set to start at the NEC early next month. He replaces Bharat Ramamurti, who left the administration earlier this year, and is expected to take over key issues that made up Ramamurti’s portfolio including student debt relief, financial regulations, economic competition and technology policy, sources said.
“What he’s always brought to the policy-making process is both very data-driven but also very much thinking about how we can create an economy that works with everyone,” Deputy Treasury Secretary Wally Adeyemo, who has known Donenberg for nearly two decades, told CNN in an interview.
Adeyemo said he expects Donenberg to bring a “degree of creativity” to the job – much needed, he said, as the administration now works to implement some of the hallmark pieces of legislation that Biden signed into law in his first term, such as a $1.2 trillion infrastructure package and a sweeping climate, health care and tax bill known as the Inflation Reduction Act.
The administration is also focused on continuing to…
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