Experience
- Deputy Assistant to President Biden and Deputy Director of the National Economic Council
- Special Assistant to President Biden for Economic Policy at the National Economic Council
- Law Clerk to Judge Merrick Garland, U.S. Court of Appeals for the D.C. Circuit
- Special Assistant to President Obama and Senior Policy Advisor in the Office of the Chief of Staff
- Advisor, Office of Management and Budget
Expertise
- U.S. economic policy
- Macroeconomic policy
- Federal budget and fiscal policy
- Tax and revenue policy
- Housing policy
Education
- Yale Law School, JD
- Yale College, BA, Economics and Political Science
Recent Coverage
SEPTEMBER 11, 2024
Yahoo! Finance: CPI data shows US economy in a ‘resilient place’: NEC official
“I think we’re in a resilient place in the economy right now. We’ve seen sustained job growth, the unemployment rate remaining at a historically low level. I do think, though, that as we’ve really seen this decline in inflation from more than 9% to 2.5% today, the focus is shifting to sustaining the progress that we’ve seen in the labor market. There’s no question that that is the key question facing the economy right now,” Hornung tells Yahoo Finance.
He argues that the focus for policymakers moving forward should be on strengthening the labor market. “As we look to the medium term, there’s no question that we need to be, as a country, investing in workforce training, investing in education, investing in our people. We need to make sure we have a tax system that allows us to have the fiscal space to make those key investments,” he explains.
JUNE 24, 2024
Washington Post: The national debt is ballooning. The next president probably won’t stop it.
“You’ve got to bring revenues in better line with expenditures,” Hornung said. “Obviously, there are two sides to that equation, and the president has proposed a budget that both brings up the amount of revenue we’re raising as a share of the economy through raising taxes on wealthy Americans and large corporations, and also brings down specific outlays that the federal government is making.”
JAN 11, 2024
New York Times | Biden Takes Aim at Grocery Chains Over Food Prices
“It’s hard to figure out what the short-term policy response is in this situation,” said Bharat Ramamurti, a former economic aide to Mr. Biden and an author of a report on grocery-price inflation that the progressive Groundwork Collaborative in Washington published on Friday.
“When you have something that is driven in part by supply disruptions, what can you actually do to put downward pressure on prices?” he said.
