I’m thrilled that my colleague Phillip Swagel is set to be the next director of the Congressional Budget Office. Swagel is an excellent economist who will command the respect of CBO’s first-rate staff and whose analysis as CBO director will carry enormous authority. And Swagel will protect and strengthen CBO’s culture of making sound analytical judgments that are independent of partisan politics. CBO is one of the most trusted and respected institutions in Washington. With Swagel as director, it will be in great hands. His integrity will add to CBO’s.

Swagel was Assistant Secretary for Economic Policy at the US Department of Treasury in the Bush (43) administration. He helped implement the Troubled Asset Relief Program and he was responsible for analysis in the areas of housing, financial markets, healthcare, and macroeconomic forecasting. Previously, he was chief of staff and senior economist at the White House Council of Economic Advisers and an economist at the Federal Reserve Board and International Monetary Fund.

Swagel is currently a professor in international economic policy at the University of Maryland’s School of Public Policy. He holds a PhD in economics from Harvard.

Since first joining AEI in 2005, Swagel has been a valued member our community. He’s a wonderful colleague and the nation is lucky to have him as CBO director.

Michael R. Strain is Director of Economic Policy Studies at AEI.

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