Word: weidenbaum
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...crisis in White House management, the current strains seem likely to grow. Moreover, there is growing disarray at middle levels of Reagan's economic team. While the "economic troika" of OMB Director David Stockman, Treasury Secretary Donald Regan and Council of Economic Advisers Chairman Murray Weidenbaum seems to be at least publicly in tune, there is a sharp split between the supply-side purists and more monetarist advocates working under it. They disagree on the validity of the Administration's rosy economic forecasts and on whether Reagan's recently enacted tax cuts should be carried...
...Economic Research, Alan Greenspan of Townsend-Greenspan & Co., Walter Heller of the University of Minnesota, James McKie of the University of Texas and Joseph Pechman and Charles Schultze of the Brookings Institution.) Two of the board's distinguished alumni are currently high officials in the Reagan Administration: Murray Weidenbaum, chairman of the Council of Economic Advisers (the fifth board member to serve in that position), and Beryl Sprinkel, Under Secretary of the Treasury...
Businessmen and economists immediately scoffed at the idea that the problems of sluggish growth and high inflation could be solved that quickly. Charles Schultze, former chief economic adviser to President Carter, called the Administration numbers "wishful thinking." Murray Weidenbaum, Reagan's top economist, and other officials eventually persuaded the Administration to tone down its projections. Yet even then...
...propose; politically inflammatory and perhaps unachievable slashes in social spending; or smaller cuts in social spending coupled with significant cuts in defense spending. Endorsing Stockman were the remaining two-thirds of the economic troika, Treasury Secretary Donald T. Regan and Chairman of the Council of Economic Advisers Murray Weidenbaum. Said a high Treasury official later: "There's not a lot of money left [to cut] anywhere in the domestic programs...
...Administration later this month will announce the appointment of a committee to study the feasibility of returning to the gold standard. The 17 members include House Democrat Henry Reuss of Wisconsin, chairman of the Congressional Joint Economic Committee; Frederick Schultz, vice chairman of the Federal Reserve; and Murray Weidenbaum, head of the President's Council of Economic Advisers...