Entities

National Economic Council

National Economic Council

Acronym
NEC
Link
Founding Date
1/25/1993
Parent Entity

The National Economic Council was established to advise the President on the United States regarding global economic policy. It is comprised of numerous department and agency heads within the administration, whose policy jurisdictions impact the nation's economy. The NEC Director is supported by a staff of policy specialists in various fields, including agriculture, commerce, energy, financial markets, fiscal policy, healthcare, labor, and Social Security.

FOUR PRINCIPAL FUNCTIONS:

  1. To coordinate policy-making for domestic and international economic issues.
  2. To coordinate economic policy advice for the President.
  3. To ensure that policy decisions and programs are consistent with the President's economic goals.
  4. To monitor the implementation of the President's economic policy agenda.