National Economic Council
The National Economic Council (NEC) was a council within the Executive Office of the President focused on U.S. and global economic policy. It was established in 1993 by President Bill Clinton (D), who split the Office of Policy Development into two different councils: the NEC and the Domestic Policy Council.[1]
President Donald Trump (R) did not select the National Economic Council as a division of the Executive Office of the President during his second presidential term.
Mission
The Biden White House provided the following mission for the NEC:
| “ |
By Executive Order, the NEC has four key functions: to coordinate policy-making for domestic and international economic issues; to give economic policy advice to 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. Working with many department and agency heads within the administration, the NEC Director coordinates and implements the President’s economic policy objectives. The Director is supported by a staff of policy experts in various fields including: infrastructure, manufacturing, research and development, small business, financial regulation, housing, technology and innovation, and fiscal policy.[2] |
” |
| —White House[1] | ||
Leadership
This table provides a list of the directors of the National Economic Council from 1993 to 2025.[3]
| Directors of the National Economic Council, 1993-2025 | ||
|---|---|---|
| Director | Tenure | Administration |
| Kevin Hassett | 2025-present |  Donald Trump
|
| Leal Brainard | 2023-2025 |  Joe Biden
|
| Brian Deese | 2021-2023 | Joe Biden
|
| Larry Kudlow | 2018-2021 | Donald Trump
|
| Gary Cohn | 2017-2018 | Donald Trump
|
| Jeffrey Zients | 2014-2017 | Barack Obama
|
| Gene Sperling | 2011-2014 | Barack Obama
|
| Lawrence Summers | 2009-2010 | Barack Obama
|
| Keith Hennessey | 2007-2009 | George W. Bush
|
| Allan Hubbard | 2005-2007 | George W. Bush
|
| Stephen Friedman | 2002-2005 | George W. Bush
|
| Lawrence Lindsey | 2001-2002 | George W. Bush
|
| Gene Sperling | 1996-2001 | Bill Clinton
|
| Laura Tyson | 1995-1996 | Bill Clinton
|
| Robert Rubin | 1993-1995 | Bill Clinton
|
Executive Office of the President
- See also: Executive Office of the President
The Executive Office of the President (EOP) is a group of federal entities responsible for advising and supporting the president's policy agenda and administration. The EOP's composition has changed over time as different presidential administrations have added, transferred, and removed entities from the office.
Under the second Trump administration, the EOP included the following 5 offices:
Recent news
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See also
External links
Footnotes
- ↑ 1.0 1.1 White House, "National Economic Council," accessed March 19, 2021
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ White House Transition Project, "National Economic Council," accessed March 19, 2021
