Items Tagged with 'President's Economic Recovery Advisory Board'


  • Obama Warns of 'Catastrophe' Without Action

    President Barack Obama on Friday announced the formation of the Economic Recovery Advisory Board to assist in the "months and years" to come of economic recovery. The announcement came in the midst of Congressional bickering over the financial stimulus package, the passage of which is being held up by criticism that too much government spending and not enough tax cuts will have no significant effect reducing the national deficit and encouraging consumer spending in the short term.
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  • Obama Names Former Fed Chairman to New Advisory Board

    President-elect Barack Obama hasn't taken any vacation days this week as he names critical staff and advisors he will come to rely on during the next four years of his administration. In a press conference Wednesay -- the third day in a row he has held a press conference -- he named an advisor that will assist him in a new board designed to lead the economy out of crisis and into recovery: a man commonly credited with having led the early 1980s economy into a recession -- former Federal Reserve chairman Paul Volcker.
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