Word: feldstein
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...official confirmation of Professor of Economics Martin S. Feldstein '61 as chairman of the Council of Economic Advisers (CEA) has become enmeshed in election-year politics, and the once certain event has now been delayed at least until December...
...with a crucial mid-term election only six weeks away, the Democrats have used the confirmation of Feldstein as a lightning rod for their criticisms of Reagan's economic policies--the major theme of the campaign...
...hour Senate Banking Committee September 22, Feldstein was grilled for proposals he had made in the past to trim social security spending and divert resources away from housing programs...
Senators also criticized him for the size of his personal wealth, saying he was one more in a line of millionaire appointees. At one point, when Feldstein stated that he was worth $750,000, Sen. Donald W. Reigle Jr. (D-Mich.) angrily walked to the witness table and presented documentation showing that, including personal savings, the 42-year-old professor is worth $1 million...
Like his predecessor Murray Weidenbaum, who resigned to return to teaching. Feldstein is known for his agreement with the Administration's efforts to trim deficits by cutting non-defense spending. But government analysts are unsure how Feldstein will handle two issues which apparently discouraged Weidenbaum during his tenure, the Administration's enthusiastic predictions of economic recovery in the face of high unemployment and interest rates: and the President's determination to extend his overall tax-cut program through a planned third year...