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The White House is losing Tim Wu. He was an important part of President Biden’s plan to limit the power of the country’s biggest companies. The White House said Mr. Wu’s last day at the National Economic Council will be Wednesday. Since 22 months ago, he has been the president’s special assistant for competition and technology policy. The New York Times said that Mr. Wu would go back to his old job as a professor at Columbia Law School.
Mr. Wu is part of a group called a “troika” that is leading Washington’s efforts to keep a closer eye on the biggest companies, including the biggest tech companies. Lina Khan at the Federal Trade Commission and Jonathan Kanter at the Justice Department are also part of this group. He was one of the people who wrote an executive order in July 2021 that told government agencies to take steps to make the whole economy more competitive. Ms. Khan and Mr. Kanter have used strange arguments in court to try to stop the two companies from merging.
Mr. Wu said he was leaving for personal reasons. He is 50 years old. He’s been taking the train from New York to Washington, and he said that meant he had to spend time away from his young children.
“There are times when the stress on the family is too much,” Mr. Wu said. “I have been feeling like something has changed.”
Mr. Wu said he took the job because he thought it was a “once-in-a-generation chance” to change how antitrust law had been thought about for decades. The administration has had some successes in this area, like putting parts of the 2021 executive order into effect. This led to the government trying to open charging networks for electric vehicles and make hearing aids available over the counter.
He said, “I think the thing I’m most proud of is that we put the president back in charge of competition policy and the structure of the economy.” But antitrust laws that would have banned common practices of tech giants did not pass, which was a goal of many progressives.
Mr. Wu said it was “disappointing” that tech-related laws hadn’t been passed during his time in office, but he defended the White House’s efforts to push for the antitrust measure. “We’ve always been for it,” he said, adding, “We’ve said over and over again that we’re for a bill like that works for both parties.”
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Mr. Wu said that he was happy with how hard the F.T.C. and the Justice Department, which are the two main antitrust regulators at the federal level, have worked over the past two years. The government picks the people who run the agencies, but they don’t work for the White House.
Even though the Justice Department was able to stop Penguin Random House from buying Simon & Schuster, many of its other challenges to mergers were turned down by the courts. In the last few months, the FTC has also sued to stop Facebook’s parent company, Meta, and Microsoft from buying other companies. But these lawsuits are probably not going to succeed in court.
His work on the antitrust policy will be taken over by Hannah Garden-Monheit. She worked on the executive order against monopolies. The White House said that Elizabeth Kelly, who works for the National Economic Council on digital asset policy, will take over his tech policy issues. She will take over the things he was working on. Bharat Ramamurti, who is the deputy director of the National Economic Council, will still be in charge of both.
In a statement, Brian Deese, the director of the National Economic Council, said that in the last two years, the government had brought back “a great American tradition of presidential leadership on competition policy,” which goes back to the time of Franklin and Teddy Roosevelt. Additionally, he stated that the government would “continue putting in place reforms that are good for competition and have the support of both parties.”
When asked what to expect in the years to come, Mr. Ramamurti pointed to the list of demands in the 2021 executive order.
He said, “There are a lot of different levers we can pull, like personnel, the courts, and agencies, and we’re working on all of them.”
The White House is losing Tim Wu. He was an important part of President Biden’s plan to limit the power of the country’s biggest companies.
The White House said Mr. Wu’s last day at the National Economic Council will be Wednesday. Since 22 months ago, he has been the president’s special assistant for competition and technology policy. The New York Times said that Mr. Wu would go back to his old job as a professor at Columbia Law School.
Mr. Wu is part of a group called a “troika” that is leading Washington’s efforts to keep a closer eye on the biggest companies, including the biggest tech companies. Lina Khan at the Federal Trade Commission and Jonathan Kanter at the Justice Department are also part of this group. He was one of the people who wrote an executive order in July 2021 that told government agencies to take steps to make the whole economy more competitive. Ms. Khan and Mr. Kanter have used strange arguments in court to try to stop the two companies from merging.
Mr. Wu said he was leaving for personal reasons. He is 50 years old. He’s been taking the train from New York to Washington, and he said that meant he had to spend time away from his young children.
“There are times when the stress on the family is too much,” Mr. Wu said. “I have been feeling like something has changed.”
Mr. Wu said he took the job because he thought it was a “once-in-a-generation chance” to change how antitrust law had been thought about for decades. The administration has had some successes in this area, like putting parts of the 2021 executive order into effect. This led to the government trying to open charging networks for electric vehicles and make hearing aids available over the counter.
He said, “I think the thing I’m most proud of is that we put the president back in charge of competition policy and the structure of the economy.”
But antitrust laws that would have banned common practices of tech giants did not pass, which was a goal of many progressives.
Mr. Wu said it was “disappointing” that tech-related laws hadn’t been passed during his time in office, but he defended the White House’s efforts to push for the antitrust measure. “We’ve always been for it,” he said, adding, “We’ve said over and over again that we’re for a bill like that works for both parties.”
Sometimes, all there is to do in tennis is wait. waiting, waiting, waiting.
Alba de Céspedes’s ability to break the rules
Why it can feel impossible to clean up “Depression Rooms” and “Doom Piles”
The rest of the main story is below.
Mr. Wu said that he was happy with how hard the F.T.C. and the Justice Department, which are the two main antitrust regulators at the federal level, have worked over the past two years. The government picks the people who run the agencies, but they don’t work for the White House.
Even though the Justice Department was able to stop Penguin Random House from buying Simon & Schuster, many of its other challenges to mergers were turned down by the courts. In the last few months, the FTC has also sued to stop Facebook’s parent company, Meta, and Microsoft from buying other companies. But these lawsuits are probably not going to succeed in court.
His work on the antitrust policy will be taken over by Hannah Garden-Monheit. She worked on the executive order against monopolies. The White House said that Elizabeth Kelly, who works for the National Economic Council on digital asset policy, will take over his tech policy issues. She will take over the things he was working on. Bharat Ramamurti, who is the deputy director of the National Economic Council, will still be in charge of both.
In a statement, Brian Deese, the director of the National Economic Council, said that in the last two years, the government had brought back “a great American tradition of presidential leadership on competition policy,” which goes back to the time of Franklin and Teddy Roosevelt. Additionally, he stated that the government would “continue putting in place reforms that are good for competition and have the support of both parties.”
When asked what to expect in the years to come, Mr. Ramamurti pointed to the list of demands in the 2021 executive order.
He said, “There are a lot of different levers we can pull, like personnel, the courts, and agencies, and we’re working on all of them.”
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