Jennifer Epstein
ReporterJennifer Epstein is a reporter with Bloomberg News.
Jennifer Epstein is a reporter with Bloomberg News.
The infrastructure plan sets the stage for a drawn-out battle over his second big economic program.
President-elect Joe Biden’s team of financial regulators is taking shape, with progressive favorites being chosen for the top jobs at the Securities and Exchange Commission and the Consumer Financial Protection Bureau — moves that mean Wall Street should prepare itself for a new era of tougher oversight and stricter rules.
Gary Gensler, a former head of the U.S.’s main derivatives regulator, is President-elect Joe Biden’s likely pick to lead the Securities and Exchange Commission, according to two people familiar with the matter.
The former Fed chair would be the first woman to head the Treasury.
The Democratic presidential nominee is proposing a 10 percent tax penalty on companies that move operations overseas and a 10 percent tax credit for companies that create jobs in the U.S.