Alice Rivlin

Date of Birth: March 4, 1931

Zodiac Sign: Pisces

Date of Death: May 14, 2019

Biography

Alice Mitchell Rivlin was a distinguished American economist and public official who made significant contributions to the field of economics and public policy. Over her extensive career, she worked in various capacities, including key roles in the U.S. government. Rivlin was born in Philadelphia, Pennsylvania, and raised in Bloomington, Indiana. She earned her bachelor’s degree in economics from Bryn Mawr College and later obtained a Ph.D. in economics from Radcliffe College (now part of Harvard University). Rivlin’s career in public service began in earnest when she joined the Department of Health, Education, and Welfare in the 1960s. She later became the founding director of the Congressional Budget Office (CBO), serving from 1975 to 1983. This role was instrumental in shaping the CBO into a respected non-partisan entity providing crucial budgetary information to Congress. In the 1990s, Rivlin served as the Director of the Office of Management and Budget (OMB) under President Bill Clinton. She was also Vice Chair of the Federal Reserve from 1996 to 1999, where she worked alongside then-Chairman Alan Greenspan. Rivlin’s contributions to economic thought and policy extended into her later years as she continued to write, teach, and participate in various think tanks and policy groups. She passed away in 2019 but left behind a legacy of public service and economic scholarship.

5 Interesting Facts about Alice Rivlin

1. Alice Rivlin was the first director of the Congressional Budget Office (CBO).

2. She was a key architect in the creation of the CBO, which became a pivotal non-partisan source for economic data and analysis.

3. Rivlin received the John Heinz Award for Greatest Public Service by an Elected or Appointed Official in 1983.

4. She was a senior fellow in Economic Studies at the Brookings Institution, a renowned think tank.

5. Rivlin played a significant role in the Federal Reserve’s decision to lower interest rates during the Asian financial crisis in the late 1990s.

5 Most Interesting Quotes from Alice Rivlin

1. “The budget is not just a collection of numbers, but an expression of our values and aspirations.”

2. “Good economic policy requires both analysis and action.”

3. “A strong economy is the foundation for a strong society.”

4. “Public service is a noble calling, and it’s essential for the well-being of our democracy.”

5. “We must find a way to balance the budget without undermining essential services.”

Highest Net Worth Achieved

Alice Rivlin’s highest net worth is not publicly documented, but her contributions and roles suggest she was comfortably well-off, especially given her positions in prestigious institutions and government roles.