#BlueStarBrief December 2020

EU Pushes for Renewed Transatlantic Relations

After four years of a Trump administration that many European leaders viewed as unilateral and confrontational in its approach, the European Union is signaling a strong willingness to work with President-elect Biden's team. Over the past several weeks, European institutions have circulated two documents calling for renewed Transatlantic cooperation on a wide range of challenges.

Click here to read.

2020 OECD Economic Outlook

As the coronavirus pandemic’s economic consequences have ricocheted around the world, countries have faced severe collapses in employment, increasing border closures, and an urgent need for government-sponsored economic relief packages. As 2020 comes to a close, economic confidence has started to return—albeit with significant caveats. The OECD's new Economic Outlook report provides an analysis of major economic trends and prospects for the next two years, including output, employment, government spending, prices, and current debt balances.

Karen Tramontano Interviewed on Bloomberg TV

Karen Tramontano spoke on Bloomberg Markets about the new Biden Administration and U.S. Government transition period. Click here to watch.

Karen also continues to serve as co-anchor of the Live Election 2020 Series, State of Play, hosted by the Institute of Politics, Policy and History at the University of the District of Columbia. Click here to watch.

2020 U.S. Post-Election Update

With the November 2020 elections concluded, the United States Government is undergoing a transition that will culminate with the inauguration of Joseph Biden as the 46th president of the United States on January 20, 2021.

The 2020 Congressional elections resulted in the Democratic Party controlling the House. Control of the Senate will be determined by two runoff elections in the State of Georgia on January 5, 2021. If the Republicans win one Senate seat, they will retain control of the Senate. The Senate currently has 50 Republicans, 46 Democrats, and 2 Independents who vote with the Democrats. The Democrats must win both of Georgia's seats to control the Senate. The result would be a 50/50 split, but because Mr. Biden is president, the Democrats would control the Senate and Vice President Harris would be the deciding vote.

President-elect Biden is naming members of his Cabinet who must be confirmed by the Senate, as well as White House staff and senior political appointees. Among his key nominees and appointees to date include:

  • White House Chief of Staff — Ron Klain
  • White House National Security Advisor — Jake Sullivan
  • Director of National Intelligence — Avril Haines
  • U.S. Ambassador to the United Nations Linda Thomas-Greenfield
  • Special Presidential Envoy for Climate Fmr. Secretary John Kerry
  • Secretary of State — Antony Blinken
  • Secretary of Defense Gen. Lloyd Austin
  • Secretary of the Treasury — Janet Yellen
  • Secretary of Homeland Security Alejandro Mayorkas
  • Secretary of Health and Human Services — Xavier Becerra
  • Secretary of Housing and Urban Development Rep. Marcia Fudge
  • Director of the Office of Management and Budget — Neera Tanden
  • Chair of the Council of Economic Advisers — Cecilia Rouse
  • Director of the National Economic Council — Brian Deese
  • Surgeon General — Dr. Vivek Murthy
  • Director of the Centers for Disease Control and Prevention — Dr. Rochelle Walensky

Key Upcoming Dates*:

  • December 14, 2020 Electoral College Votes Cast
  • December 16, 2020 116th Congress Scheduled to Adjourn
  • January 3, 2021 Start of 117th Congress (House and Senate)
  • January 5, 2021 Senate Special Election in Georgia
  • January 20, 2021 Presidential Inauguration
  • February 1 — President submits budget to Congress
    *NCSL: Federal Budget Process.

Tips & Recommendations

Jeremiah Baronberg recommends...

George Balanchine's The Nutcracker...Stream At Home This Holiday Season

The New York City Ballet presents its landmark production of George Balanchine’s The Nutcracker with Tschaikovsky’s iconic score in a performance captured in December 2019 at the Lincoln Center for the Performing Arts. Watch this gorgeous and indelible artistic feat streaming online, December 11 - January 3. Click here for tickets.


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