UPDATE 1-Bush picks Marron for Council of Economic Advisers

Thu Jun 28, 2007 5:41pm EDT

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WASHINGTON, June 28 (Reuters) - U.S. President George W. Bush intends to nominate Congressional Budget Office Deputy Director Donald Marron to be a member of the Council of Economic Advisers, the White House said on Thursday.

Marron, a former CEA chief economist, has been the No. 2 at Congress' nonpartisan budget watchdog agency since October 2005. He served as acting director last year.

Earlier in his career, he served as executive director and chief economist of the congressional Joint Economic Committee.

Before entering government service, he was the chief financial officer of a medical software start-up in Austin and a senior associate with the Washington office of business and litigation consulting firm Charles River Associates.

Marron, who holds a PhD in economics from the Massachusetts Institute of Technology, worked as an assistant professor of economics at the University of Chicago's Graduate School of Business from 1994 to 1998.

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