Crebo-Rediker, Lago Eyed for U.S. Treasury International Role

The Biden administration is looking at adding several veterans of global financial diplomacy to its ranks, as Treasury Secretary Janet Yellen and the White House staff their teams and seek to bolster international ties amid the coronavirus pandemic.

Yellen is eyeing former Treasury official Marisa Lago, who now works for New York Mayor Bill de Blasio, and Heidi Crebo-Rediker, a former chief economist at the State Department, for undersecretary of international affairs at the Treasury, according to people familiar with the matter. The role requires Senate approval.

Federal Reserve Bank of New York markets chief Daleep Singh has been offered a job at the White House to be a deputy director on the National Economic Council and join the National Security Council focusing on international economic engagement, while David Lipton, a former No. 2 official at the International Monetary Fund, is set to be a counselor to Yellen on a temporary basis, the people said.

Both Lipton and Singh are former Treasury officials in Democratic administrations.

Yellen is also filling out the ranks in the agency’s domestic finance office. Nellie Liang, who Bloomberg News last month reported has been offered the undersecretary role to oversee the unit, has interviewed Adrienne Harris to serve as assistant secretary for financial institutions, people familiar with the matter said.

Harris previously worked in the Obama White House. Treasury and White House spokespeople didn’t reply to a request for comment. Lipton’s appointment as Treasury adviser was reported earlier Tuesday by Reuters.

Also, Georgetown University law professor Itai Grinberg will serve on Yellen’s team and will work with the OECD on international tax policy, according to two people familiar with the matter. He previously worked at the Treasury on international tax issues.

©2021 Bloomberg L.P.

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