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Illustration: Sarah Grillo/Axios

Joe Biden plans to announce Cecilia Rouse and Brian Deese as part of his economic team and Neera Tanden to head the Office of Management and Budget, sources tell Axios.

Why it matters: These are experienced hands. Unveiling a diverse group of advisers also may draw attention away from a selection of Deese to run the National Economic Council. Some progressives have criticized his work at BlackRock, the world's largest asset management firm.

Details: Rouse, dean of the Princeton School of Public and International Affairs, will be nominated to chair the Council of Economic Advisers. If confirmed, she would be the first Black woman to lead the organization. She is also the daughter-in-law of the late novelist Toni Morrison.

  • Heather Boushey and Jared Bernstein, Biden's first economic adviser as vice president, also are expected to round out the CEA.
  • Tanden, president of the Center for American Progress and a former top adviser to Hillary Clinton, could face a rocky confirmation. Republicans tangled with her over the Affordable Care Act, and some progressives blame her for Bernie Sanders' loss in the 2016 presidential primary.
  • Deese is a former senior adviser to President Obama who worked on the auto industry bailout and Paris climate agreement.

Also in consideration for top jobs are:

  • Results for America's Ben Harris, who's been a chief economic adviser to Biden.
  • Bruce Reed, who ran the Domestic Policy Council under President Bill Clinton and served as one of Biden's vice presidential chiefs of staff.
  • Roger Ferguson, a former Fed vice chair, who announced his retirement as CEO of the Teachers Insurance and Annuity Association.

Between the lines: Nominating Rouse for a Senate-confirmed post could give Biden more political space to pick some of his longtime associates and avoid confirmation fights, after progressives already signaled they are opposed to candidates like Deese and Reed.

  • The CEA serves as an in-house think tank, providing hard economic data to the president. While Trump demoted the chair from Cabinet rank, Biden plans to restore it.
  • Rouse and Boushey joined former Fed Chair Ben Bernanke in signing a letter in June that argued for a fiscal response covering the expected $16 trillion output gap expected over the next 10 years.

The bottom line: Putting Rouse on a team with Janet Yellen would add academic heft and real-world experience to negotiations with Congress over the size of relief packages.

Go deeper

Schumer rattles reconciliation saber

More than an aisle separates Mitch McConnell and Chuck Schumer, seen in the Senate Chamber after the Capitol siege. Photo: Drew Angerer/Getty Images

Chuck Schumer is expected to telegraph, as soon as tonight, that he will use his political muscle to pass some of his party’s priorities — like President Biden's $1.9 trillion stimulus package.

Why it matters: While the Senate majority leader wants to work with Republicans on key legislation, advisers say, he will make clear that using the simple majority vote inherent in the budget reconciliation process is one of the big sticks at his disposal.

Texas abortion law remains in effect after appeals court ruling

Pro- and anti-abortion protesters outside the Supreme Court as arguments begin about the Texas abortion law on Capitol Hill in November. Photo: Jabin Botsford/The Washington Post via Getty Images

A U.S. appeals court transferred a challenge to Texas' law banning most abortions after about six weeks of pregnancy to the state supreme court in a 2-1 vote on Monday evening.

Why it matters: The 5th U.S. Circuit Court of Appeals' decision means the country's most restrictive abortion law can remain in place for the time being.

At least 2 dead after Tonga volcano eruption and tsunami

A satellite image of the explosive eruption of the Hunga Tonga-Hunga Ha'apai volcano on Saturday. Photo: UNICEF/NOAA

At least two people are confirmed to have died in Tonga following the undersea volcanic eruption that sent tsunami waves toward the island nation and across the Pacific over the weekend, officials said Monday.

The big picture: Officials reported major damage along the western coast of the main island of Tongatapu, where the capital, Nuku'alofa, was covered in ash and dust, including on the runway of the airport. A New Zealand Ministry of Foreign Affairs spokesperson told Axios over the phone that two people had been confirmed to have died in the disaster.