Live on Bloomberg TV

00:00So let me go back to the NEC, the NEC was started under President Clinton and Bob Rubin was the first person to hold that job. Can you explain to people what it actually does and what the NSC does? Day to day when, for example, who's in the NSC? Who's on the NSC? What is your job actually to do? So the National Economic Council are that the job, the mandate, the mission of the organization is to coordinate economic policy across the executive branch and across the cabinet to make sure that the president is getting the benefit of of when making decisions of his entire economic cabinet. And also that the cabinet in the cabinet is getting clear direction from the president as well. So that two ways. So it's a coordination function. On the NSC itself or all of the relevant cabinet members, this sort of core economic team, OMB, Council of Economic Advisers, Treasury, but also secretary of labor, secretary of Commerce. My team, the NSC team is a small team within the White House. That is our job is to do that coordination across the range of economic policy. Now, you were the deputy in the Obama administration and he's see now you're the director. Which NSC work better, the Obama administration one or the Biden one? Well, on the issues that I worked on in the Obama administration, it worked very, very well. And the current NSC works very well as well. So it's a subset of the ones I didn't work on.

No schedule data available.

How the National Economic Council Works

Brian Deese, National Economic Council director, explains how the group works with the White House and across the Biden administraion. He's on "The David Rubenstein Show: Peer-to-Peer Conversations." This was recorded Sept. 27 at the Economic Club of Washington. (Source: Bloomberg)

More From TV Shows
All episodes and clips