National Economic Council

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The National Economic Council (NEC) is a council within the Executive Office of the President focused on U.S. and global economic policy. It was established in 1993 by President Bill Clinton (D), who split the Office of Policy Development into two different councils: the NEC and the Domestic Policy Council.[1]

President Joe Biden (D) announced on Deecember 3, 2020, that he was appointing Brian Deese to serve as the director of the National Economic Council. Deese was a deputy director of the NEC during the Obama administration.[2]

Biden also named David Kamin the deputy director of the NEC and Bharat Ramamurti the deputy director for financial reform and consumer protection.[3]

Mission

The White House provides the following mission for the NEC:

“

By Executive Order, the NEC has four key functions: to coordinate policy-making for domestic and international economic issues; to give economic policy advice to the President; to ensure that policy decisions and programs are consistent with the President’s economic goals; and to monitor implementation of the President’s economic policy agenda.

Working with many department and agency heads within the administration, the NEC Director coordinates and implements the President’s economic policy objectives. The Director is supported by a staff of policy experts in various fields including: infrastructure, manufacturing, research and development, small business, financial regulation, housing, technology and innovation, and fiscal policy.[4]

”
—White House[1]

Leadership

This table provides a list of the directors of the National Economic Council from 1993 to 2021.[5]

Directors of the National Economic Council, 1993-2021
Director Tenure Administration
Brian Deese 2021-Present Democratic Party Joe Biden
Larry Kudlow 2018-2021 Republican Party Donald Trump
Gary Cohn 2017-2018 Republican Party Donald Trump
Jeffrey Zients 2014-2017 Democratic Party Barack Obama
Gene Sperling 2011-2014 Democratic Party Barack Obama
Lawrence Summers 2009-2010 Democratic Party Barack Obama
Keith Hennessey 2007-2009 Republican Party George W. Bush
Allan Hubbard 2005-2007 Republican Party George W. Bush
Stephen Friedman 2002-2005 Republican Party George W. Bush
Lawrence Lindsey 2001-2002 Republican Party George W. Bush
Gene Sperling 1996-2001 Democratic Party Bill Clinton
Laura Tyson 1995-1996 Democratic Party Bill Clinton
Robert Rubin 1993-1995 Democratic Party Bill Clinton

Executive Office of the President

See also: Executive Office of the President

The Executive Office of the President (EOP) is a group of federal entities responsible for advising and supporting the president's policy agenda and administration. The EOP's composition has changed over time as different presidential administrations have added, transferred, and removed entities from the office.

Under the Biden administration, the EOP included the following 11 offices:

Recent news

The link below is to the most recent stories in a Google news search for the terms National Economic Council. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

National Economic Council - Google News

See also

External links

Footnotes

  1. ↑ 1.0 1.1 White House, "National Economic Council," accessed March 19, 2021
  2. ↑ 4President, "President-elect Joe Biden Appoints Brian Deese as Director of the National Economic Council," December 3, 2020
  3. ↑ The Wall Street Journal, "Biden Adds New Members to His White House Economic Team," December 21, 2020
  4. ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
  5. ↑ White House Transition Project, "National Economic Council," accessed March 19, 2021
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