August 30, 2011
President Barack Obama plans to issue a series of proposals next week to address what public opinion polls say is far and away the biggest issue on the minds of Americans: how to create jobs and spur economic growth. But the reaction to his nomination of a well-respected, mainstream economist and expert on labor markets to the post as head of the Council of Economic Advisers shows just how seriously politics has warped the debate about the economy in Washington. Here's a sampling of what is being said by the nation's top economists about Alan Krueger, the Princeton professor Mr. Obama wants as his top economic adviser: He is a "smart guy" and an "excellent choice"; he is "an expert in labor-market problems, taxation and the economics of terrorism.
December 13, 2009
ABC's 'This Week' Lawrence Summers, director of the White House National Economic Council; Rep. Eric Cantor, R-Va. 9 a.m.: WMDT (Channel 47), 10 a.m.: WJLA (Channel 7), 10:30 a.m.: WMAR (Channel 2) CBS' 'Face the Nation' Sens. Mitch McConnell, R-Ky., Jay Rockefeller, D-W.Va., Ben Nelson, D-Neb., and Joe Lieberman, Connecticut independent. 10:30 a.m.: WUSA (Channel 9) and WJZ (Channel 13) CNN's 'State of the Union' Summers; Sens. Mark Warner, D-Va., and John Thune, R-S.D.
June 5, 2006
CHICAGO -- President Bill Clinton once said his Treasury secretary, Robert E. Rubin, was the greatest since Alexander Hamilton. When President Bush announced the departure Monday of his Treasury secretary, John W. Snow, neither Mr. Bush nor anyone was tempted to compare him to any of his more revered predecessors. When Mr. Snow leaves Washington, will anyone notice? The Treasury post used to be among the most powerful in Washington - filled by such weighty figures as John B. Connally, George P. Shultz, James A. Baker III and Lloyd Bentsen.
January 29, 2006
At the Federal Reserve's Open Market Committee meeting Tuesday, Alan Greenspan and company are widely expected to raise short-term interest rates another quarter of a percentage point, the 14th such increase since June 2004. The most significant aspect of this meeting, however, is that it will be Chairman Greenspan's last. After 18-plus years, the 79-year-old chief is retiring. President Bush's nominee for Mr. Greenspan's replacement - Ben S. Bernanke, current head of the president's Council of Economic Advisers - is set to be confirmed by the Senate the same day. So much has been written about Mr. Greenspan's successful tenure at the Fed, as a brilliant economic sage and as a not-so-behind-the-scenes political player, that it is easy to conclude that his act will be an extremely tough one to follow.
October 26, 2005
New York -- Martin S. Feldstein had all the qualifications to become the next chairman of the Federal Reserve. A conservative Republican, the internationally renowned Harvard University economics professor was an adviser to George W. Bush's first presidential campaign and led President Ronald Reagan's Council of Economic Advisers. Feldstein, 65, was passed over Monday in favor of Ben Bernanke, 51, Bush's top economic adviser and a former Fed governor. Feldstein's ties to troubled insurance giant American International Group Inc., his outspoken advocacy of Bush's plan to overhaul Social Security and his support for a tax increase as Reagan's adviser meant he would likely face a tough nomination battle at a time Bush is looking for a smooth confirmation.
October 25, 2005
Washington -- President Bush named Ben Bernanke, head of his Council of Economic Advisers, yesterday to succeed Alan Greenspan as chairman of the Federal Reserve. If confirmed, Bernanke, 51, a former Fed member, will have big economic challenges ahead - perhaps even bigger than those Greenspan has encountered. Greenspan, 79, who earned credibility and star-like status in handling stock market crashes, international financial crises, inflation, and booms and busts in more than 18 years as the Fed's chairman, is retiring in January.