Bio
David Cook
David Cook is Senior Editor and Washington bureau chief of The Christian Science Monitor. He oversees the Monitor's 9-person bureau in the nation's capital, hosts the Monitor's newsmaker breakfasts, and writes for csmonitor.com.
For over 40 years, Monitor breakfasts have brought journalists together with key public officials to talk about the issues of the day in a candid, in-depth fashion. Since their start in 1966, four US presidents, five vice presidents, and countless cabinet and congressional officials have been guests at the 3,600 breakfasts the Monitor has hosted.
When Monitor correspondent Jill Carroll was held captive in Iraq for 82 days in 2006, Cook served as the Monitor's spokesperson and appeared on numerous national broadcasts including "Today," "Nightline," "The News Hour with Jim Lehrer," and "ABC World News Tonight."
From August 1994 through July 2001, Cook served as editor of The Christian Science Monitor. During his term, the Monitor's print edition was redesigned, csmonitor.com was launched, and the paper won numerous awards including the 1996 Pulitzer Prize for international reporting.
Previously Cook was editor of Monitor Broadcasting which produced daily radio news programs heard on 200 public radio stations. He also served as managing editor of the Monitor's Emmy award-winning nightly television news program "World Monitor."
His current assignment is Cook's third tour in Washington. During two previous postings in the nation's capital he covered economic policy. He also has been a Detroit-based correspondent for Business Week.
Cook was awarded a Bagehot Fellowship in Business and Economic Journalism by Columbia University. He is a graduate of Principia College, attended the Advanced Management Program at Michigan State University, and served in the U.S. Army. He is a member of the Gridiron Club, Washington's oldest journalistic organization, and the father of three grown sons.
Douglas W. Elmendorf
Douglas W. Elmendorf is the eighth Director of the Congressional Budget Office. His term began on January 22, 2009.
The Director of CBO oversees the agency's work in providing objective, insightful, timely, and clearly presented information about budgetary and economic issues. The Director supervises the numerous analytical papers and cost estimates produced by the agency, and he testifies frequently before Congressional committees. In managing the agency, the Director is responsible for a staff of about 235 people and an annual budget of roughly $40 million.
Before he came to CBO, Doug Elmendorf was a senior fellow in the Economic Studies program at the Brookings Institution. As the Edward M. Bernstein Scholar, he served as coeditor of the Brookings Papers on Economic Activity and the director of the Hamilton Project, an initiative to promote broadly shared economic growth.
Doug Elmendorf was previously an assistant professor at Harvard University, a principal analyst at the Congressional Budget Office, a senior economist at the White House’s Council of Economic Advisers, a deputy assistant secretary for economic policy at the Treasury Department, and an assistant director of the Division of Research and Statistics at the Federal Reserve Board. In those positions, he worked on budget policy, Social Security, Medicare, national health care reform, financial markets, macroeconomic analysis and forecasting, and other topics. He earned his Ph.D. and A.M. in economics from Harvard University, where he was a National Science Foundation graduate fellow, and his A.B. summa cum laude from Princeton University.
Encyclopædia Britannica Article
- deficit financing
In government, the practice of spending more money than is received as revenue, the difference being made up by borrowing or minting new funds. The term usually refers to a conscious attempt to stimulate the economy by lowering tax rates or increasing government expenditures. Critics of deficit financing regularly denounce it as an example of shortsighted government policy. Advocates argue that it can be used successfully in response to a recession or depression, proposing that the ideal of an annually balanced budget should give way to that of a budget balanced over the span of a business cycle. See also John Maynard Keynes; national debt.
- deficit financing on britannica.com
© 2010 Encyclopædia Britannica, Inc.
