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Phillip L. Swagel ’87: Director, Congressional Budget Office

<h6>Bush White House web archive / <a href="" target="_self">Wikimedia Commons</a></h6>
Bush White House web archive / Wikimedia Commons

As 10th Director of the Congressional Budget Office (CBO), Swagel oversees an independent and non-partisan agency that provides economic and budgetary analyses to assist both chambers of Congress in forming Congressional budgets. 

Before taking up his current post in June 2019, Swagel was a professor of international economic policy at the University of Maryland School of Public Policy. He has previously taught at Northwestern University, the University of Chicago, and Georgetown University.


Swagel worked as a staff economist — first for the Board of Governors of the Federal Reserve System and then for the International Monetary Fund. He served in the Bush administration as a senior economist at the Council of Economic Advisers (CEA), the Council’s Chief of Staff, and finally as Assistant Secretary of the Treasury for Economic Policy. 

Swagel graduated from the University with an A.B. in economics in 1987 and received a Ph.D. in economics from Harvard University.