Gov. Andrew Cuomo’s team of economic advisers will participate in an emergency conference call on the state budget today as the federal supercommittee appears set to miss a critical deadline, Cuomo spokesman Josh Vlasto confirmed.
Cuomo’s Council of Economic and Fiscal Advisors, which was named a year ago as part of the governor’s transition team, will discuss what the supercommittee’s expected breach of deadline will mean for the state budget, which is already faced with lagging tax receipts and a growing deficit.
Cuomo’s budget meeting was first reported by the Associated Press.
The supercommittee, which includes an equal number of Democrats and Republicans from Congress, was tasked earlier this year with cutting $1.2 trillion to lower the federal deficit, but appears unlikely to meet a Wednesday deadline.
Cuomo’s panel consists of 19 people from both the public and private sectors, as well as labor representatives. Here’s who’s on it:
- Ken Adams, President & C.E.O., Empire State Development Corp. (At the time, Adams was CEO of the Business Council.)
- Mario Baeza, Founder & Executive Chairman, Baeza Group Founder
- Pat Barrett, former Republican Chairman; C.E.O., Avis
- Byron Brown, Mayor of Buffalo
- Jim Chanos, President and Founder of Kynikos Associates
- Derrick D. Cephas, President & C.E.O., Amalgamated Bank
- Kenneth Chenault, C.E.O. & Chairman, American Express
- Glenn Dubin , Co-founder & C.E.O., Highbridge Capital Management
- Alexis Herman, former U.S. Secretary of Labor
- Denis Hughes, President, AFL-CIO
- Ken Langone, Founder, Chairman & C.E.O., Invemed Associates LLC
- Marc Morial, President, National Urban League
- Felix Rohatyn, Special Advisor to Chairman and C.E.O., Lazard; former Chairman, Municipal Assistance Corp
- Rossana Rosado, C.E.O., El Diario
- Peter J. Solomon, Solomon Company, L.P., former New York City Deputy Mayor of Economic Policy and Development
- Martin Sosnoff, Chairman and C.E.O., Atalanta Sosnoff
- Bob Wilmers, C.E.O., M&T Bank
- Deborah C. Wright, President and C.E.O. of Carver Bancorp
- Frank Zarb, former Chairman of the NASDAQ stock exchange
(AP Photo / Mike Groll)