United States National Economic Council facts for kids
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| Agency overview | |
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| Formed | 1993 |
| Headquarters | Eisenhower Executive Office Building Washington, DC |
| Employees | 25 |
| Agency executive |
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| Parent agency | Office of White House Policy |
| Website | National Economic Council |
The National Economic Council (NEC) is a special team in the United States government. It helps the President of the United States make important decisions about the country's economy. The NEC focuses on money and business rules, which is different from other groups that handle issues inside the country. It was created in 1993 to give the President clear advice on economic topics.
Contents
What Does the National Economic Council Do?
The NEC acts like a main meeting place where the President and their top advisors discuss economic plans. This group helps to make sure that all parts of the government are working together on money matters. They look at things like jobs, prices, and how businesses are doing.
Why Was the NEC Created?
Before 1993, different parts of the government gave the President advice on the economy. This could sometimes be confusing. President Bill Clinton created the NEC to bring all these ideas together. This way, the President gets clear and organized advice on how to keep the country's economy strong.
Who Works at the NEC?
The NEC has a small team of about 25 people. These experts study different parts of the economy. They help the Director of the NEC, who is the main person in charge. The Director then shares the team's ideas and advice directly with the President.
Who Leads the National Economic Council?
The person in charge of the National Economic Council is called the Director. This person is a very important advisor to the President on all things related to the economy. The Director helps to guide the discussions and make sure the President gets the best advice.
Past Leaders of the NEC
Many different people have led the National Economic Council since it started. Each Director has helped the President deal with the economic challenges of their time. Here are some of the people who have held this important job:
- Robert Rubin was the first Director, serving from 1993 to 1995 under President Bill Clinton.
- Laura Tyson followed him, leading the NEC from 1995 to 1996.
- Gene Sperling served twice, first from 1996 to 2001, and again from 2011 to 2014.
- During President George W. Bush's time, leaders included Lawrence B. Lindsey, Stephen Friedman, Allan B. Hubbard, and Keith Hennessey.
- Under President Barack Obama, Lawrence Summers and Jeffrey Zients were Directors.
- For President Donald Trump, Gary Cohn and Larry Kudlow led the NEC.
- The current Director, Brian Deese, started in 2021 with President Joe Biden.
