Economist Alice Rivlin, an adviser to five U.S. presidents and an expert on the federal budget, is this year’s recipient of the Truman Medal for Economic Policy.
By STEVE ROSEN
The Kansas City Star
Rivlin, 82, will receive the award at an Oct. 15 luncheon at the Westin Kansas City at Crown Center.
The award reflects the role President Harry S. Truman played in the creation of the Council for Economic Advisers. It is presented every two years by a committee established by the sponsoring organizations — the Harry S. Truman Library Institute, the Henry W. Bloch School of Management at the University of Missouri-Kansas City, the Economic Club of Kansas City and the Missouri Council on Economic Education.
Past recipients are Alan Greenspan, George P. Shultz, Paul Volcker and, most recently in 2011, Allan Meltzer.
Rivlin’s selection reflects her distinguished career as an economist and policymaker and her long body of work addressing the federal deficit, the selection committee said. Her acceptance speech is titled “Debt and Democracy: Where Does the Buck Stop Now?”
The economist, educator and author is a senior fellow in the economic studies programs at the Brookings Institution. She is also a visiting professor at Georgetown University.
Rivlin was the founding director of the Congressional Budget Office in 1975, director of the White House Office of Management and Budget, and vice chairman of the Federal Reserve Board. Most recently, she was appointed to the Commission on Fiscal Responsibility and Reform by President Barack Obama.
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