Nani Coloretti could become one of the highest-ranking Asian Americans in Biden's Cabinet

If confirmed by the Senate, Young would be the first Black woman to hold the top post. Coloretti would be one of the highest-ranking Asian American women in the administration.

“Today, it’s my honor to nominate two extraordinary history-making women to lead the Office of Management and Budget,” Biden said in a video.

OMB is an incredibly powerful part of the federal government and oversees all budget development and execution. The agency has significant influence over the President’s agenda.

“The Office of Management and Budget has been called the nerve center of our government. This is an…