November 24, 2008
Posted: November 24th, 2008 08:47 AM ET
From CNN Correspondent Suzanne Malveaux
Romer was named to Obama’s economic team Monday.
(CNN) - CHICAGO, Illinois (CNN) - Sources close to the Obama transition team say Berkeley Economics Professor Christina Romer will be the Chair of the President's Council of Economic Advisers. What makes this selection more interesting than some of the other Obama picks is she's a female, a California academic, and a Washington outsider. An important distinction is that this is different than the job Lawrence Summers is expected to get as director of the National Economic Council. The Council of Economic Advisers is a group of economists, including three who are appointed by the president and need Senate confirmation, who advise the president on economic policy.
The CEA is part of the executive office. The National Economic Council (NEC) coordinates the president's economic policy between the department of Housing and Urban Development, Health and Human Services, Labor, Treasury, and the Federal Deposit Insurance Corporation, among others. The Summers appointment does not require confirmation. Filed under: Obama transition
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