June 26, 2020: Thomas Philipson, Acting Chairman of the Council of Economic Advisors will leave his post by the end of June. The announcement comes two days after Kevin Hassett, a senior White House economic official and Philipson’s predecessor as chair of the CEA, announced he would also be stepping down. On leave from the University of Chicago, Philipson was a member of the Council of Economic Advisers from 2017 to 2019, and previously served in the George W. Bush Administration, among other public sector positions. Philipson was a co-founder of Precision Health Economics, a healthcare consulting firm that was headquartered in Los Angeles with locations throughout the US, Canada, and Europe before it was sold in 2015. He received his master’s degree and Ph.D. in economics from the Wharton School and the University of Pennsylvania. He has been a visiting faculty member at Yale University and a visiting senior fellow at the World Bank. Philipson previously served as a fellow, board member, or associate with a number of other organizations other than the University of Chicago, including the National Bureau of Economic Research, the American Enterprise Institute, the Manhattan Institute, the Heartland Institute, the Milken Institute, the RAND Corporation, and the USC Schaeffer Center for Health Policy & Economics.