herbert hoover and franklin roosevelt. >> several southern states did the election of abraham lincoln as legitimate. sectional ered him a president for the fact by and from -- support came on south carolina makes good its promise to proceed toward as union. seeding from the > -- is he seeding from the union. >> he had no choice. lost the ar he election. he never conceded the substance of the argument. he continued to believe that the as roosevelt framed it during the campaign, and began o work towards it after the election, represented a fundamental threat toward the american way of life. himself to d preventing roosevelt from being able to enact it. > contentious presidential transitions, sunday night at 8:00 p.m. eastern on c-span's

"q&a." continues.ington journal host: we welcome wall street journal's chief economic correspondent nick timiraos to talk about the announcement by joe biden introducing his economic team. are us what your thoughts on the people introduced by the president-elect. what does this tell us about the president-elect's economic philosophy? from: what we have seen president-elect joe biden's picks is that he is prioritizing experience. he wants a team that will hit the ground running. you have the first half-dozen people announced yesterday who have extensive backgrounds in the obama administration and the clinton administration. they are washington pros. there is an emphasis on the

pandemic. it is the biggest problem facing the economy. this is a downturn like no other. it will probably be a rebound like no other if there is a vaccine next year. he is trying to get a group of people where there wont be much of a learning curve. he wants to hit the ground running. ,ou see that with janet yellen you see that with her deputy, a adeyemo. adewale they have a lot of washington experience. host: let's start with janet yellen. you did a piece last week "policy is not janet yellen's forte it is what she is in for now." she was fed chair under president obama into president trump's term. now she is nominated to head treasury. what is in store for her?

guest: she was at the fed for a long time. for though she was the fed four years, she was the vice chair before that, she was the president of the san francisco reserve take -- reserve bank. she was on the board of the clinton administration and she was on his council of advisors. thoughre jobs where even there is a lot of negotiating that has to be done, think of the fed as an academic institution. they don't have to get involved in the rough and tumble of politics. they're not negotiating quite so openly on capitol hill. the treasury is different. the former treasury official said the treasure is going to move 10 times faster than the fed and the white house moves faster than the treasury. what she is in for now is more of a political role then she had at the fed.

when people said janet yellen doesn't know how to do politics, i'm not sure that is right. if you look at how she got the job, joe biden picked her because she was somebody who was seen as acceptable to the progressive wing of the democratic party and somebody who knows financial markets, wall street's, the moderates, and even a lot of republicans can be comfortable with her as treasury secretary even though they may not like all of her policy. host: what is her relationship with the current fed chair, jay powell, who i assume will continue on. guest: his term runs through january of 2022. he will be there at least for the's first year of joe biden's administration -- he will be there for at least the first year of joe biden's administration. then he will have to pick someone else. janetwell served on the

federation, they had some disagreements but he has continued to meet and speak by phone with her. he succeeded her as chair. i think it is safe to say these are people who can work quite well together. it will be interesting to see now that the outgoing administration has made changes to see what janet yellen does and how that relationship with chair powell unfolds. is a chieftimiraos correspondent for the wall street journal. we are talking about the economic team announced by the biden administration. we welcome your phone calls. republicans, 202-748-8001. democrats, 202-748-8000. all others, 202-748-8002. janet yellen set the tone for

what the biden administration wants to do in terms of responding to the pandemic. here is a little bit of what she had to say. [video clip] will produce a downturn with more devastation. we risk missing the obligation to address deeper structural problems. inequality, stagnant wages, especially for workers who lack a college education, communities that have seen industry disappear with no good jobs replacing lost once. , jobl disparities opportunities, housing, food ,ecurity, and small businesses denying wealth to people of color. gender disparities that keep women out of the workforce and

keep our economy from running full force. it is a convergence of tragedies. it is not only economically unsustainable, but one that betrays our commitment to giving every american an equal chance to get ahead. host: any indications from the biden team of any specifics of what they would like to do on the pandemic response? guest: you have the democratic party for some time saying they want more spending, they want a spending bill that addresses unemployment benefits, extends benefits for people who lost their jobs during the pandemic. they want to spend more money to make up for the revenue shortfall that cities and states have suffered, you're seeing public transit entities and municipal agencies cutting back

spending. to reducedng to lead services but also job losses. that will be an early focus of the administration. the question is what is going to be possible to get through congress and the runoff elections for torture next month -- for georgia month which will decide the majority. you begin to wonder what the administration might do through executive action and other moves. host: let's me ask you about another nominee. neera tanden is to run the office of management and budget, the white house budget rector in effect. telus -- budget director in effect. tell us about her. guest: she has been the head of a think tank in washington, the center for american progress. she was an advisor to hillary

clinton when she was the first lady and when she ran for senate and president twice. she has been very steeped in policy discussions. she was an architect of the affordable care act, the law that president obama passed. she has a pretty active residence on twitter. some republicans are upset over statements she has made. she is somebody who has been in washington working on these policies way long time. she has developed quite a record. host: your newspaper and other publications have talked about the trouble on capitol hill in terms of her nomination. this is the headline in the new at tanden."balking and kamalaoe biden

harris knew the scenario ahead of time and yet chose to go with her. how difficult to think the non-asian process will be for her? -- the nomination process will be for her? guest: if republicans decide to fight this and they have votes in the senate, it could be difficult for her. this takes some of the heat off and that thenees biden administration is going to want as many of those people in the seats as they can. host: one more announcement , sherday, cecilia rouse has been picked to chair the council of economic advisers. this is not a position that requires senate approval. guest: it does, the other members of the council do not.

cea is responsible for what? guest: think of it as the president's economic brain trust. these usually have economic backgrounds or are phd economist. the other members joe biden nnounced our heather boushey and. bernstein -- and jared bernstein. they have been in a lot of the debates. cea as a place where they are going to offer analysis for different proposals. if you do this, this is what is going to happen to output. ideasa place to that bad as andthat -- vet bad ide make sure they don't get too far ahead of themselves. the influence it has depends on the relationship of the three

numbers, their relationship with the president determines if the cea is influential or not. of a brainy more trust for the president. host: let's get phone calls, we go first to richard in philadelphia. on our independent line. i heard joe biden said they are going to create a new economy, it is going to be more inclusive and all. talke past, there has been in the relationship between stagnation. i'm wondering what janet yellen when that came up before, had major concerns about the economy shifting and to the people were left out. i am interested in concern around the african-american men who have been knocked out

because of the transition of this economy. what do you think are her chances of actually able to come -- beasure, push policies able to, as treasure, push policies that will challenge this new economy? as a: her background is labor economist. as the fed time chair she was focusing on workers, unemployment. she gave speeches that seemed controversial on the time -- at the time on income inequality and labor force dissipation for women. -- labor force participation for women. republicans thought these are things the fed chair should focus on. she said these are issues that can hold back growth. if you don't have widely shared

prosperity, that can create problems. it is something she has a lot of credibility on. i will leave others to decide what is politically possible and i will cover the economy, but she will have credibility to make those arguments and focus policymakers might be able to make a difference on this thanks. these two issues she has been focusing on for her career -- for her entire career. "janetylan says this, yellen is an incredible pick. biden has hit the ground running." discuss the "please ties to corporate organizations, lobbying, equity, and foreign governments." guest: janet yellen was in the government for such a long time that she was not able to do that sort of activity.

she did leave the fed in february 2018. she went to the brookings institution where she was a scholar. she was on a couple of different boards. i would not say that was the mainstay of her activity. host: to jeffrey in pennsylvania, good morning. veteran ofm a proud the u.s. army and a republican voter. am watching this and falling into the trap of this and the vote and the new counsel and the transition team. i am backing whoever is president, the office of the president of the united states. i don't care if is bobo the chimp, it is the office of the president of the u.s. i defended for 18 years.

i have never seen anything like. where is the -- anything like this. 19re is the economy i had in 65 and 1966? one of my local senators is still in office. don't we put people in and out? as for the new economist person, she is wonderful and i hope she does something and it does dramatic changes and how we run the country economically -- in how we run the country economically. host: nick timiraos, any thoughts? guest: thank you for your service and it is a challenging time for the economy. we have been going through so many shifts. technology at all of these things changing the way we transact -- technology and all of these things that were changing the way we transact

before the pandemic, it feels as if we have sped those things up. part of the challenge of this new team is to pick up the back tond to try to get something like we had before, recognizing there has been an incredible amount of change happening in the economy. host: let's go back to joe biden's choice to run the budget office, neera tanden. tells us -- tell us what that role does in regards to the budget and what they do presenting to congress and shepherding it to the congress? guest: the public face is important once the budget is released but a lot of that goes think of a tire with different spokes and the spokes are the different agencies of the government, the

domestic agencies, the pentagon. all of their funding requests, all of their regulatory proposals managed by omb, all of that has to flow through that budget office. this is somebody who really is deep into everything the government is doing, spending money on, regulating. they manage the federal register, publication of these regulations. it is something that covers the entire waterfront of the federal government operations. in december of every year they put together the president's budget request that is usually released in february or march. they run that process as well. it is a very comprehensive job with a relatively small affectional staff.

host: neera tanden spoke yesterday about struggles she experienced growing up and how they could affect her abuse that her views -- in her views and role -- in the role of budget director. [video clip] mom andhere next to my because of a country that had faith in us and invested in her humanity and our dreams. i am here today because of social programs, because of because ofarea -- choices and because of a government that saw my mother and gave her a chance. >> the u.s. house will about to gavel in. they'll have one-minute speeches and then recess until about 4:00 eastern when bill debate will begin. bills scheduled including one that will increase soldight of foreign stocks