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Council of Economic Advisers (H1)<br />The team of three in the USA which advises the president on the state of the economy. This council was set up under the EMPLOYMENT ACT 1946. A principal task of the council is to assist the president in preparing his annual Economic Report to the Congress, a report formulating broad guidelines for stabilization policy and other aspects of the government's economic programme. The academics chosen as members of the council usually have political views close to those of the administration.<br /> <br /><em>Reference</em><br />Feldstein, M. (1992) 'The Council of Economic Advisers and Economic Advising in the United States', Economic Journa/102: 1223-34.
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<strong>Unsubsidized loan</strong> A loan that is not based on need and is NOT eligible for federal interest benefits. The borrower is responsible for the interest that accrues on any unsubsidized loan, including unsubsidized Federal Stafford Loans, Federal PLUS Loans, and Graduate PLUS Loans.
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