Entries in Council of Economic Advisors (2)


Obama to Nominate Krueger to Head Council of Economic Advisers

Andrew Harrer/Bloomberg via Getty Images(WASHINGTON) -- A job opening is being filled at the White House -- a specialist on unemployment.

With the economy still reeling, President Obama is once again picking a new economic adviser from someone who has been on his team. Alan Krueger was chief economist at the Treasury, and is a professor at Princeton specializing in labor and unemployment research.

"Alan has been a key voice on a vast array of economic issues for more than two decades,” Obama said in a statement issued Monday shortly before an anticipated Rose Garden announcement. “Alan understands the difficult challenges our country faces, and I have confidence that he will help us meet those challenges as one of the leaders on my economic team."

Krueger will be the third Chairman of the Council of Economic Advisers -- the group that provides the president guidance on where the economy is headed -- following Christina Romer and Austan Goolsbee.

Here is the official announcement from the White House:

Today, President Obama will announce his intent to nominate Alan B. Krueger as a member of the Council of Economic Advisers (CEA).  Following his confirmation, President Obama will designate Dr. Krueger as Chairman of CEA.  Dr. Krueger will be a key member of the President’s economic team, bringing a wealth of knowledge and decades of experience to the challenge of creating jobs and promoting economic growth.

“I am pleased to nominate Alan Krueger to lead the Council of Economic Advisers. As one of this country’s leading economists, Alan has been a key voice on a vast array of economic issues for more than two decades,” said President Obama.  “Alan understands the difficult challenges our country faces, and I have confidence that he will help us meet those challenges as one of the leaders on my economic team."

If confirmed, Dr. Krueger will continue the CEA’s important work of developing and offering the President economic advice on the formulation of both domestic and international economic policy. The Council bases its recommendations and analysis on economic research and empirical evidence, using the best data available to support the President in setting our nation's economic policy.  

Dr. Krueger is the Bendheim Professor of Economics and Public Affairs at Princeton University, where he has held faculty appointments in the Economics Department and Woodrow Wilson School since 1987.  He is also the founding Director of the Princeton University Survey Research Center.  

Dr. Krueger previously served as Assistant Secretary for Economic Policy and Chief Economist at the U.S. Department of the Treasury (2009-10) and as Chief Economist at the U.S. Department of Labor (1994-95).  While serving at the Treasury Department, Dr. Krueger worked on the economic analysis of a variety of programs, including the HIRE Act, the Small Business Lending Fund, Build America Bonds and the Car Allowance Rebate System, or “Cash for Clunkers.”

Dr. Krueger was the Chief Economist for the National Council on Economic Education (2003-09) and elected a member of the Executive Committee of the American Economic Association (2005-07).  In 2002 he was elected as a fellow of the American Academy of Arts and Sciences.  He has been a member of the Board of Directors of the Russell Sage Foundation, the MacArthur Foundation, and the American Institutes for Research, and he has served as an editor of numerous leading economics journals.  Dr. Krueger received a B.S. from Cornell University's School of Industrial & Labor Relations (1983) and an A.M. (1985) and Ph.D. (1987) in Economics from Harvard University.

Copyright 2011 ABC News Radio


President Obama Urges Action on Unemployment Benefits, Tax Cuts

Photo Courtesy - ABC News(WASHINGTON) -- On Thursday, President Obama urged members of Congress to extend benefits for the unemployed, which expired Wednesday for about two million Americans, and expressed hope that lawmakers will come together on tax cuts even though Republicans and Democrats continue to squabble over both issues.

"Our hope and expectation is that unemployment insurance is something that traditionally has had bipartisan support, is something that once again will be dealt with as part of a broader package," the president said following a meeting with newly elected governors.

Obama's Council of Economic Advisors Thursday released a state-by-state breakdown on the economic ripple effect of letting long-term benefits expire.

If Congress doesn't extend the benefits, seven million unemployed Americans could lose coverage by next November, the report stated.

The report shows "the consequences that inaction on extending unemployment benefits would have on American families," a senior administration official said Thursday. "In December alone, more than two million Americans will lose the temporary support that helps them keep food on the table and make ends meet while they fight to find a job if Congress doesn't act."

Meanwhile, House Democrats are looking to extend the benefits as part of a package that extends tax cuts for lower to middle class Americans. Republicans continue to argue that Bush-era tax cuts should be extended for all Americans, regardless of income.

Obama today expressed hope for a middle ground, even as the two parties continue to spar just days after a White House summit where the president and lawmakers expressed hopes for bipartisanship,

"I believe it will get resolved," Obama said after the meeting. "That doesn't mean there isn't going to be some posturing over the next several days."

Incoming speaker of the House John Boehner accused Democrats on Thursday of playing political games when it comes to taxes.

"[I am] trying to catch my breath so I don't refer to this maneuver going on today as a chicken crap, all right?" Boehner said at a press conference Thursday. "The last thing our economy needs right now is a job-killing tax hike, and that's what this plan of theirs would mean. I think it's pretty clear to get the economy going again and create jobs, we need to cut spending and stop all of the coming tax hikes."

Copyright 2010 ABC News Radio

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