What is the Office of Management and Budget?

The Office of Management and Budget is a Federal agency that operates within the United States of America that is responsible for assisting the President of the United States in overseeing the preparation of the federal budget and to supervise the administration in Executive Branch agencies. The Office of Management and Budget is the largest office within the Executive Office of the President of the United States.

Office of Management and Budget Quick Facts:

The following details outline the administration of the Office of Management and Budget:

The Office of Management and Budget was founded in 1970

The headquarters of the Office of Management and Budget are located in the Old Executive Office Building in Washington, D.C.

The head of the Office of Management and Budget is Jacob Lew

History of the Office of Management and Budget:

The Office of Management and Budget was established as a part of the Department of the Treasury through the passing of Budget and Accounting Act of 1921. This legislation was signed into law by President Warren G. Harding; at this time, the Office of Management and Budget was simply known as the Bureau of the Budget. The predecessor of the Office of Management and Budget was moved to the EOP in 1939 and later reorganized to form the newly-founded Office of Management and Budget in 1970 during the Nixon Administration.

The first director of the Office of Management and Budget was Roy Ash; during this time Paul O’Neill acted as the assistant director, Fred Malek was the deputy director and Frank Zard was the associate director.

In the 1990s the Office of Management and Budget was reorganized to remove the distinction between the budgetary staff and the management staff, by combing those dual roles into separate programs within the Resource Management Offices. 

Function of the Office of Management and Budget:

The Office of Management and Budget primary mission is to assist the President of the United States in overseeing the preparation of the federal budget and to supervise the administration of the Executive Branch. By helping the President formulate spending plans, the Office of Management and Budget evaluates the effectiveness of agency policies, procedures and programs to assess competing funding demands among agencies.

What is the White House Office?

The White House Office is a Federal entity within the Executive Office of the President of the United States. The White House Office is headed by the White House Chief of Staff, who also maintains the position as the head of the Executive Office. The staff of the several offices which make up the White House Office is based in various locations throughout the White House, including the West Wing and East Wing, as well as in separate federal buildings, such as the Eisenhower Executive Office Building and the New Executive Office Building.

White House Office Quick Facts:

The following details outline the administration of the White House Office:

The White House Office was founded in 1857

The headquarters of the White House Office are located in the White House

The White House Office employs roughly 150 government agents or workers

The parent agency of the White House Office is the Executive Offices of the President of the United States

History of the White House Office:

The White House Office was established in the Executive Office of the President by Reorganization Plan 1 of 1939 and through the Executive Order 8248 to provide formal assistance to the President of the United States in the performance of his several activities incident to his immediate office.

The White House Office is organized in accordance with the wishes of the President of the United States; the White House Office is directed by staff chosen by the elected President. The White House Office remains the centerpiece of the presidential staff system; in many ways, the White House Office is closes to the President, in both physical proximity and in its impact on the day-to-day operations, policy agendas, deliberations and public communications of his office.

What is the Mission of the White House Office?

The elected President of the United States is free to determine what sub offices and their coordinating functions will be represented in his staff structure. The majority of White House Offices have some set of established staff handling national security, domestic, and economic policy.

What is the Council of Economic Advisors?

The Council of Economic Advisors is a Federal agency, comprised of a three economists who advise the President of the United States on economic policy. The Council of Economic Advisors is a part of the Executive Office of the President of the United States and provides much of the general economic policy for the White House and more specifically, the President of the United States. Although the Economic Advisors board is responsible for satisfying numerous roles and responsibilities, the President relies on these individuals, most notably, in regards to the preparation and delivery of the country’s annual Economic Report of the President.

Council of Economic Advisors Quick Facts

The following details outline the administration of the Council of Economic Advisors:

The Council of Economic Advisors are nominated by the President of the United States and subsequently approved by the United States Senate. The staff of the council consists of roughly 20 academic economists, plus an additional three permanent economic statisticians.

The current Chairman of the Council of Economic Advisors is Austan Goolsbee, who was formally appointed by President Barack Obama on September 10, 2010. The two other current members of the Council of Economic Advisors are Carl Shapiro (confirmed on April 14, 2011) and Katharine Abraham. Mr. Shapiro assumed office from previous chai, Christina Romer, who resigned from her post in September 2010.

The headquarters of the Council of Economic Advisors are located in the Eisenhower Executive Office Building in Washington, D.C.

History of the Council of Economic Advisors:

The Council of Economic Advisors was established by the Employment Act of 1946 to provide presidents with objective economic analysis and advice concerning the development and implementation of a number of domestic and international policy issues.