Word: ceas
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...posed by the Administration's huge budget deficits. The White House last week went a giant step further, revealing that it may want to discard not only the council's embarrassing statements but the panel itself. The disclosure marks a historic nadir in the influence of the CEA, which was established by Congress in 1946 to be the President's closest source of economic advice. The Administration points out that eliminating the CEA and its 33-member staff would save the Government $2.6 million a year. But most observers think the White House's real objective...
...Budget, Donald Regan and the Treasury Department, Paul Volcker and the Federal Reserve, and Martin Feldstein and the Council of Economic Advisers. When a story focuses on one of them, you always have to talk to the other three." The prune focus of this week's story is CEA Chairman Feldstein. To get a feeling for the man and his ideas, Beckwith interviewed Feldstein at length in his corner office in Washington's Old Executive Office Building...
...Atlantic Monthly in 1981 has the Administration been so embarrassed, and harassed, by one of its economic gurus. The President's aides accuse the economist of being disloyal and giving ammunition to the opposition during an election campaign. Says one staffer: "He's made the CEA a four-letter word around here." On several occasions, the White House has censored advance texts of Feldstein's speeches and ordered him to cancel television interviews. The President has become so annoyed that he never consults Feldstein one-on-one, and the CEA chairman is often excluded even from small...
...kind of grace note to the babble, one of the President's top economic advisers, Treasury Secretary Donald Regan, derided the analysis of another, Council of Economic Advisers Chairman Martin Feldstein, as ivory-tower dreaming. Said Regan, once chief of the giant securities firm Merrill Lynch, about the CEA report prepared by Feldstein, who is a Harvard professor on leave: "I have 35 years of experience in the market. The CEA has none . . . Experience in the marketplace is a lot more valuable than time spent in the library...
Geoffrey Carlmer '65, spokesman for the President's Council of Economics Advisers (CEA), said that President Reagan would consider tax increase options along with budget cuts as means of reducing the deficit...