Austan Goolsbee to Leave White House

Economic guru returning to teach at University of Chicago

By Polly Davis Doig,  Newser Staff

Posted Jun 6, 2011 7:32 PM CDT

(Newser) – Another one bites the dust: Austan Goolsby, President Obama's Council of Economic Advisers chairman, is heading off into the sunset to return to his job as a professor of economics at the University of Chicago. He's been on leave for four years to serve Obama, Politico notes, and could have lost the tenured gig had he not returned. The change leaves Tim Geithner as the only remaining senior official on the economic team.

“Since I first ran for the US Senate, Austan has been a close friend and one of my most trusted advisers,” Obama said in a statement. “Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression, and although there is still much work ahead, his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs. He is one of America’s great economic thinkers."

Council of Economic Advisers Chairman Austan Goolsbee speaks during a news briefing on February 14, 2011.
Council of Economic Advisers Chairman Austan Goolsbee speaks during a news briefing on February 14, 2011.   (Getty Images)
Austan Goolsbee, Chairman of the Council of Economic Advisers, is leaving the Obama administration.
Austan Goolsbee, Chairman of the Council of Economic Advisers, is leaving the Obama administration.   (Getty Images)
In this image provided by NBC Austan Goolsbee, chairman of the White House Council of Economic Advisers, speaks on NBC's Meet the Press Sunday, Dec. 12, 2010.
In this image provided by NBC Austan Goolsbee, chairman of the White House Council of Economic Advisers, speaks on NBC's "Meet the Press" Sunday, Dec. 12, 2010.   (AP Photo/NBC, Stephen J. Boitano)
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