National Economic Council

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.

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.

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]

Membership

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.

References

1. ^ http://www.whitehouse.gov/administration/eop/nec/

External links

• NEC page at whitehouse.gov

v • d • e Executive Office of the President of the United States Council of Economic Advisers · Council on Environmental Quality · Domestic Policy Council · National Economic Council · National Security Council · Office of Administration · Office of Management and Budget · United States Office of National AIDS Policy · Office of National Drug Control Policy · Office of Science and Technology Policy · Office of the United States Trade Representative · President's Economic Recovery Advisory Board · President's Intelligence Advisory Board · Privacy and Civil Liberties Oversight Board · White House Military Office · White House Office · Office of the Vice President