THE WHITE HOUSE

Office of the Press Secretary

                PRESIDENT CLINTON NAMES ROBERT J. SHAPIRO 
                 AS UNDER SECRETARY FOR ECONOMIC AFFAIRS 
                   AT THE U.S. DEPARTMENT OF COMMERCE

The President today announced his intent to nominate Dr. Robert J. Shapiro as Under Secretary for Economic Affairs at the Department of Commerce.

Dr. Shapiro, of Baltimore, Maryland, is a founder and the Vice President of the Progressive Policy Institute, and the Director of the Economic Studies of the Progressive Foundation. In these roles, Dr. Shapiro has directed studies in recent years on U.S. economic policy and the global economy, tax reform and the incidence of the federal tax burden, the budgetary and economic consequence of industry subsidy policies, social security reform, the economic condition of American families, the slowdown in U.S. income gains, and U.S. competitiveness in foreign and domestic markets. Before joining the institute, Dr. Shapiro was an Associate Editor of U.S. News and World Report, where he covered macroeconomic policy and wrote the Tomorrow column on politics and policy. He was also the Legislative Director and Economic Counsel to Senator Daniel Moynihan. Dr. Shapiro has been a Fellow of Harvard University and a Fellow at the National Bureau of Economic Research. He received his Ph.D. from Harvard University, in addition to degrees from the University of Chicago and the London School of Economics and Political Science.

The Under Secretary for Economic Affairs and the Administrator of ESA is responsible for the analysis and development of policies on economic and statistical issues, and on issues affecting broad sectors of the domestic economy in response to needs and interests of the Secretary.

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