Top White House economic adviser to exit role

U.S. President Joe Biden's top economic adviser will exit the role, according to a statement released by the president on Thursday.

President Biden said in a statement that Brian Deese, a top economic advisor at the White House and director of the National Economic Council, will leave his post, with no departure date mentionedin the statement.

Deese is credited as being a critical part of helping pass the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPs and Science Act and the Inflation Reduction Act.

As the Biden administration faces a large and significant debtceilingbattle, Deese's departure will create a high-profile opening at the White House.

The White House is expected to appoint Lael Brainard, who is the vice chair of the U.S. Federal Reserve, as Deese's replacement, Axios reported.