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- Created by Executive Order by President Bill Clinton in January 1993NARA: National Economic Council (Clinton Archives
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- NEC includes a Deputy Assistant to the President and an unspecified number of Special AssistantsWhiteHouse.gov: National Economic Council
- First NEC chair: Robert RubinNARA: National Economic Council (Clinton Archives
- Current Bush administration NEC chair: Keith Hennessey, who replaced Al Hubbard in November 2007WhiteHouse.gov: ...Keith Hennessey as... Deputy Director of the National Economic Council
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The National Economic Council (or NEC) is a U.S. federal agency established in 1993 within the United States President's Office of Policy Development. As such, it is part of the Executive Office, and it was created for advising the president on matters related to global and U.S. economic policy.WhiteHouse.gov: National Economic Council On November 24, 2008, President-Elect Barack Obama nominated Lawrence Summers as the head of the NEC, with the title of Deputy Assistant to the President.CNN: Obama names his economic team (November 24, 2008)
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Functions of the NEC
- to coordinate policy-making for domestic and international issuesWhiteHouse.gov: National Economic Council
- to coordinate economic policy adviceWhiteHouse.gov: National Economic Council
- to ensure that policy decisions and programs are consistent with the President's economic goalsWhiteHouse.gov: National Economic Council
- to monitor implementation of the economic policy agenda.WhiteHouse.gov: National Economic Council
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Why Obama Chose Summers
"As undersecretary, deputy secretary, and then secretary of the Treasury, Larry helped guide us through several major international financial crises—and was a central architect of the policies that led to the longest economic expansion in American history, with record surpluses, rising family incomes and more than 20 million new jobs. He also championed a range of measures—from tax credits to enhanced lending programs to consumer financial protections—that greatly benefitted middle income families."Washington Wire: Text of President-Elect Obama’s Remarks on Economic Team (November 24, 2008) -
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National Economic Council Questions
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If you want to speak to the city council, how do you arranged this chance? 4 AnswersWhere I live, all of the city councils (several small towns make up my community) let you sign up to address the council if you show up a few minutes before the... read more -
What are China's 56 different nationalities? 1 AnswerIf I am to type all the information for this answer, it would consume a lot of time. So I would lead you to the links with all the information you need. http://... read more
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What do the symbols of the Cherokee Nation mean? 2 AnswersThe Cherokee Nation seal is a seven pointed star surrounded by an oak leaf wreath and on the outer circle the words read,"Seal of the Cherokee Nation Sept 6. 18... read more
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Is America a Christian nation? 1 Answerthere are people trying to turn it into a Christian nation. America's not Christian, they're just practicing the rituals. read more
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Featured Mahalo Topics
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On Twitter powered by Twitter
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On ``Conversations With Judy Woodruff,'' an interview w/ National Economic Council Dir Lawrence Summers. Fri at 6 PM ET http://ow.ly/14d2p
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The Delhi-based economic think-tank National Council for Applied Economic Research has pegged the country's econom... http://bit.ly/cZFjOZ
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The economic think-tank National Council for Applied Economic Research (NCAER) has pegged the country's economic g... http://bit.ly/bcpcAg
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NCAER revises GDP growth upwards to 7%: The economic think-tank National Council for Applied… http://goo.gl/fb/cZmb
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NCAER revises GDP growth upwards to 7%: The economic think-tank National Council for Applied Economic Research (NC... http://bit.ly/dB34tV
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