# What This Bill Does

This bill would cap the budget for the Council of Economic Advisors at $4.12 million for the year 2024. The Council of Economic Advisors is a small group of economists who work in the White House and advise the President on economic policy and financial matters. Right now, this office gets funding through the normal budget process, but this bill would put a hard ceiling on how much money it can spend, no matter what.

# Who This Affects and Why It Matters

This change would primarily affect the roughly 30 to 40 economists and staff members who work for the Council of Economic Advisors. With a strict budget limit, the office might have to reduce staff, cut research projects, or scale back its operations. The practical impact depends on what the office was previously spending—if $4.12 million is less than their current budget, they'd have to do more with less money. If it's roughly what they already spend, the change might not matter much in practice.

The broader question this raises is about government efficiency and priorities. Those who support this bill argue it's a way to control government spending and reduce the size of the executive branch. Critics might counter that cutting funding to economic advisors could mean the President has less expert analysis available when making important financial decisions that affect the whole country. Either way, this is a relatively small budget item in the grand scheme of federal spending—the Council of Economic Advisors represents a tiny fraction of the overall government budget.

To provide for a limitation on availability of funds for Executive Office of the President, Council of Economic Advisors, Salaries and Expenses for fiscal year 2024.

Biggs, Andy

 <p>This bill limits FY2024 funding for the Council of Economic Advisors.</p>