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Biden taps former EPA head Gina McCarthy as climate czar

President-elect Joe Biden will tap Gina McCarthy, who led the Environmental Protection Agency under former President Obama, as White House climate czar, according to a person familiar with the news and multiple reports.

Driving the news: McCarthy will manage domestic climate policy alongside her deputy, Ali Zaidi, New York's current deputy secretary for energy and environment, as first reported by the Washington Post.


Our thought bubble: McCarthy brings a wealth of familiar experience at the federal level given that she pursued Obama's regulatory plan on climate change as his second-term administrator of the Environmental Protection Agency.

  • Zaidi, meanwhile, also served in the Obama administration, but has since implemented New York state's aggressive climate plan as a top adviser to Gov. Andrew Cuomo.

The intrigue: Though popular with Democrats, McCarthy will be controversial among Republicans given her role as president of the Natural Resources Defense Council, which has sued the Trump administration more than 100 times for attempts to delay energy efficiency.

Between the lines: These picks, paired with several others, show just how much Biden is leaning on Obama alumni to implement his agenda, on climate change and other issues.

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Small business Paycheck Protection Program to restart next week

The next round of Paycheck Protection Program loans will open on Monday, albeit not for everyone.

Why it matters: As evidenced by this morning's bleak jobs report, many businesses continue to be battered by the surging pandemic.

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Treasury details Biden's plan to raise $2 trillion through corporate tax hikes

The Treasury Department released details on Wednesday of President Biden's plan to hike corporate taxes over the next 15 years to raise about $2 trillion for his sweeping jobs and infrastructure proposal.

Why it matters: The plan will likely serve as a roadmap as Democrats in Congress craft legislation to enact Biden's $1.9 trillion American Jobs Plan, which seeks to fulfill a range of campaign promises to fix the country’s crumbling infrastructure, slow the growing climate crisis and reduce economic inequality.

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Exclusive: New report shows how basic research leads to future job growth

A new report out later today concludes that basic scientific research plays an essential rolein creating companies that later produce thousands of jobs and billions in economic value.

Why it matters: The report uses thepandemic — and especially the rapid development of new mRNA vaccines — to show how basic research funding from the government lays the necessary groundwork for economically valuable companies down the road.

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