National Economic Council
From Wikipedia, the free encyclopedia
| National Economic Council | |
|---|---|
 |
|
| Agency overview | |
| Formed | 1993 |
| Headquarters | White House |
| Employees | 25 |
| Agency executive | Lawrence Summers, Director |
| Parent agency | Executive Office of the President of the United States |
| Website | |
| National Economic Council | |
The National Economic Council (NEC) is a United States government agency in the Executive Office of the President. The Director of the NEC is also titled the Assistant to the President for Economic Policy.
The current Director is Lawrence Summers, appointed by President Obama in 2009.
Contents |
[edit] History and Mission
The national Economic Council was created by President Clinton on the 25 January, 1993 with the signing of Executive Order 12835. It's creation fulfilled a major campaign pledge to put the economic situation of the United States at the forefront of federal policy making.
It resides within the Office of Policy Development and is part of the Executive Office of the President. By Executive Order, the NEC has four principal functions: to coordinate policy-making for domestic and international economic issues, to coordinate economic policy advice for 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.
[edit] Organization
The NEC is composed of numerous department and agency heads within the administration, whose policy jurisdictions impact the nation's economy. The NEC Director works in conjunction with these officials to coordinate and implement the President's economic policy objectives. The Director is supported by a staff of policy specialists in various fields including: agriculture, commerce, energy, financial markets, fiscal policy, healthcare, labor, and Social Security.[1]
[edit] Membership
|
|
|
| Chair | Barack Obama (President of the United States) |
| Director |
Lawrence Summers (Assistant to the President for Economic Policy) |
| Deputy Director for Domestic Affairs | |
| Deputy Director for International Affairs | |
| Regular Attendees |
Joe Biden (Vice President) |
| Additional Participants |
Lisa P. Jackson (Administrator of the Environmental Protection Agency) |
[edit] Further reading
- Sarah Rosen Wartell. “The White House: National Economic Council.” In Change for America: A Progressive Blueprint for the 44th President. Edited by Mark Green and Michele Jolin, 15-22. Washington: The Center for American Progress Action Fund, 2008.
