Assistant Secretary of the Treasury for Economic Policy

Last updated
Assistant Secretary of the Treasury for Economic Policy
Flag of the United States Assistant Secretary of the Treasury.svg
Flag of an Assistant Secretary of the Treasury
Incumbent
Vacant
since March 30, 2023
Department of the Treasury
Style The Honorable
Reports to Secretary of the Treasury
Deputy Secretary of the Treasury
Nominator President of the United States
Salary$155,500 (2010) [1]
Website Official website

The Assistant Secretary of the Treasury for Economic Policy is the head of the Office of Economic Policy in the United States Department of the Treasury. The position is held by Ben Harris. President Joe Biden announced he would nominate Ben Harris to the role on March 11, 2021. [2] Harris was confirmed by the Senate on November 3, 2021 and sworn in on November 15, 2021 [3]

Contents

According to U.S. statute, there are ten Assistant Secretaries of the Treasury appointed by the President of the United States with the advice and consent of the United States Senate. [4] The Assistant Secretary of the Treasury for Economic Policy reports directly to the United States Secretary of the Treasury and the United States Deputy Secretary of the Treasury. [5]

List of Assistant Secretaries of the Treasury for Economic Policy

NameAssumed officeLeft office President Treasury Secretary
Murray Weidenbaum June 23, 1969August 13, 1971 Richard Nixon David M. Kennedy, John Connally
Edgar Fiedler December 12, 1971July 16, 1975 Richard Nixon, Gerald Ford John Connally, George P. Shultz, William E. Simon
Sidney L. Jones July 17, 1975January 20, 1977 Gerald Ford William E. Simon
Daniel H. Brill May 16, 1977September 30, 1979 Jimmy Carter W. Michael Blumenthal, G. William Miller
Curtis A. Hessler April 4, 1980January 20, 1981 Jimmy Carter G. William Miller
Paul Craig Roberts March 13, 1981February 1, 1982 Ronald Reagan Donald Regan
Manuel H. Johnson December 10, 1982February 7, 1986 Ronald Reagan Donald Regan, James Baker
Michael R. Darby July 14, 1986May 22, 1989 Ronald Reagan, George H. W. Bush James Baker, Nicholas F. Brady
Sidney L. Jones [6] October 31, 1989January 11, 1993 George H. W. Bush Nicholas F. Brady
Alicia Munnell May 20, 1993December 22, 1995 Bill Clinton Lloyd Bentsen, Robert Rubin
Joshua GotbaumDecember 19951997Bill ClintonRobert Rubin
David W. Wilcox November 6, 1997January 19, 2001 Bill Clinton Robert Rubin
Richard Clarida February 7, 2002May 16, 2003 George W. Bush Paul O'Neill, John W. Snow
Mark J. Warshawsky March 18, 2004July 28, 2006 George W. Bush John W. Snow
Phillip Swagel [7] December 11, 2006January 9, 2009 George W. Bush Henry Paulson
Alan Krueger May 7, 2009November 4, 2010 Barack Obama Timothy Geithner
Janice Eberly [8] [9] October 21, 2011April 26, 2013 Barack Obama Timothy Geithner, Jack Lew
Karen Dynan June 26, 2014January 20, 2017 Barack Obama Jack Lew
Michael Faulkender [10] August 6, 2019January 20, 2021 Donald Trump Steve Mnuchin
Ben Harris [2] November 15, 2021March 30, 2023 Joe Biden Janet Yellen

See also

Related Research Articles

<span class="mw-page-title-main">United States Secretary of the Treasury</span> Head of the United States Department of the Treasury

The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council, and fifth in the U.S. presidential line of succession.

<span class="mw-page-title-main">Under Secretary of the Treasury for Domestic Finance</span> Role in the US Department of the Treasury

The Under Secretary of the Treasury for Domestic Finance is a high-ranking position within United States Department of the Treasury that reports to, advises, and assists the Secretary of the Treasury and the Deputy Secretary of the Treasury. The under secretary leads the department's policy on the issues of domestic finance, fiscal policy, fiscal operations, government assets, government liabilities, and other related economic and fiscal matters.

<span class="mw-page-title-main">Lael Brainard</span> American economist (born 1962)

Lael Brainard is an American economist serving as the 14th director of the National Economic Council since February 21, 2023. She previously served as the 22nd vice chair of the Federal Reserve between May 2022 and February 2023. Prior to her term as vice chair, Brainard served as a member of the Federal Reserve Board of Governors, taking office in 2014. Before her appointment to the Federal Reserve, she served as the under secretary of the treasury for international affairs from 2010 to 2013.

<span class="mw-page-title-main">Cabinet of Barack Obama</span>

Barack Obama assumed office as the 44th president of the United States on January 20, 2009, and his term ended on January 20, 2017. The president has the authority to nominate members of his Cabinet to the United States Senate for confirmation under the Appointments Clause of the United States Constitution.

<span class="mw-page-title-main">Ramin Toloui</span> American government official

Ramin Toloui Tehrani is an American academic, civil servant, and financial advisor who most recently served as Assistant Secretary of State for Economic and Business Affairs in the Biden Administration.

<span class="mw-page-title-main">Nani A. Coloretti</span> American policy advisor

Nani A. Coloretti is an American policy advisor who is currently serving as the deputy director of the Office of Management and Budget. Coloretti served as United States Deputy Secretary of Housing and Urban Development from 2014 to 2017. Following her service as deputy secretary, she became senior vice president for financial and business strategy and treasurer at the Urban Institute.

<span class="mw-page-title-main">Ben Harris (economist)</span> American economist (born 1977)

Benjamin H. Harris is an American economist who is currently the Vice President and Director of the Economic Studies program at the Brookings Institution. Throughout his career, he has served in several public-service positions, most notably as the chief economist and chief economic advisor to Vice President Joe Biden from 2014 until the end of the Obama administration, and as Assistant Secretary for Economic Policy and Chief Economist of the U.S. Treasury. Harris was the executive director of the Kellogg Public-Private Initiative at the Kellogg School of Management at Northwestern University, the Chief Economist to the evidence-based policy organization Results for America, and the founder of the economic policy consulting firm Cherrydale Strategies. He has been a frequent contributor to The Wall Street Journal and regularly appears on cable television to discuss macroeconomics and public policy.

<span class="mw-page-title-main">Nellie Liang</span> American economist (born 1958)

Jean Nellie Liang is an American economist. She currently serves as Under Secretary of the Treasury for Domestic Finance in the Biden administration.

<span class="mw-page-title-main">Wally Adeyemo</span> American attorney (born 1981)

Adewale O. "Wally" Adeyemo is an American attorney currently serving as the United States deputy secretary of the treasury. He was the first president of the Obama Foundation and served during the Obama administration as the deputy national security advisor for international economics from 2015 to 2016 and deputy director of the National Economic Council.

<span class="mw-page-title-main">Cabinet of Joe Biden</span> Members of President Joe Bidens Cabinet

Joe Biden assumed office as the 46th president of the United States on January 20, 2021. The president has the authority to nominate members of his Cabinet to the United States Senate for confirmation under the Appointments Clause of the United States Constitution.

<span class="mw-page-title-main">Don Graves</span> American lawyer

Donet Dominic Graves Jr. is an American lawyer. He is currently serving as Deputy Secretary of Commerce in the Biden administration. Graves formerly led the Beau Biden Cancer Moonshot and served in multiple roles in the Obama administration, including as an advisor to then-Vice President Joe Biden.

<span class="mw-page-title-main">Brian P. McKeon</span> American government official (born 1964)

Brian Patrick McKeon is an American attorney and national security advisor who served as the Deputy Secretary of State for Management and Resources in the Biden Administration from March 2021 to December 2022.

<span class="mw-page-title-main">Marisa Lago</span> American attorney and government official (born 1955)

Marisa Lago is an American attorney serving as the Under Secretary of Commerce for International Trade. She previously served as director of the New York City Department of City Planning and chair of the City Planning Commission from 2017 to 2021. Before that, Lago served as assistant secretary for international markets and development in the United States Department of the Treasury from 2010 to 2017, and as president and chief executive officer of the Empire State Development Corporation from 2008 to 2009.

<span class="mw-page-title-main">Elizabeth Rosenberg</span> American government official

Elizabeth Rosenberg is a former American government official who served as Assistant Secretary of the Treasury for Terrorist Financing in the Biden administration, having been confirmed on December 18, 2021, by the United States Senate.

<span class="mw-page-title-main">Paul M. Rosen</span> American attorney

Paul M. Rosen is an American attorney who currently serves as Assistant Secretary of the Treasury for Investment Security.

References

  1. "David Samuel Cohen". Search Federal Pay. Feds Data Center. Retrieved 29 April 2016.
  2. 1 2 "President Biden Announces Intent to Nominate Key Roles for the Department of Treasury". The White House. 11 March 2021.
  3. "On the Nomination (Confirmation: Benjamin Harris, of Virginia, to be an Assistant Secretary of the Treasury)". US Senate. Retrieved 5 November 2021.
  4. "31 U.S. Code § 301 - Department of the Treasury". LII / Legal Information Institute.
  5. "Economic Policy | U.S. Department of the Treasury". home.treasury.gov.
  6. "Jones, Sidney - Papers". www.ford.utexas.edu. Archived from the original on 11 March 2004. Retrieved 13 January 2022.
  7. "Economy Watch - Former Treasury Official Releases Tell-All". The Washington Post . Archived from the original on October 15, 2012.
  8. "Professor Janice Eberly confirmed as Assistant Secretary for Economic Policy". 21 October 2011. Retrieved 2 May 2013.
  9. "Treasury Department's Chief Economist Bids Farewell". Yahoo! News. Retrieved 2 May 2013.
  10. "Gone till September". Politico.