Wednesday, July 8, 2015

Brookings Scoops Up More Power as Elmendorf Re-Joins Think Tank

Former Congressional Budget Office (CBO) Director Douglas Elmendorf has re-joined the Brookings Institution, where he was previously a Senior Fellow from 2007-2009.  He left the think tank in 2009 to join  the Obama Administration.  Elmendorf is re-joining the Economic Studies Program as a Visiting Fellow.

Elmendorf is one-half of a think tank power couple.  His wife, Karen Dynan, used to work at Brookings.

Today, Brookings also announced that Seth Wheeler has joined the Economic Studies Program as a Guest Scholar.  He was previously Special Assistant to the President for Economic Policy and Senior Advisor for Financial Services at the White House (under President Obama).  In that post, he earned a healthy $225,000 (almost as much as the Vice President Joe Biden).  He is an ex-Morgan Stanley banker who worked for Treasury Secretary Hank Paulson during the Bush Administration.