National Economic Council

The National Economic Council (NEC) is a United States government agency in the Executive Office of the President. The Director of the NEC is also titled the Assistant to the President for Economic Policy.

The current Director is Lawrence Summers, appointed by President Obama in 2009.

History and Mission
The national Economic Council was created by President Clinton on the 25 January, 1993 with the signing of. It's creation fulfilled a major campaign pledge to put the economic situation of the United States at the forefront of federal policy making.

It resides within the Office of Policy Development and is part of the Executive Office of the President. By Executive Order, the NEC has four principal functions: to coordinate policy-making for domestic and international economic issues, to coordinate economic policy advice for 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.

Organization
The NEC is composed of numerous department and agency heads within the administration, whose policy jurisdictions impact the nation's economy. The NEC Director works in conjunction with these officials to coordinate and implement the President's economic policy objectives. The 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.