Council of Economic Advisers

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Obama's Pick for Economic Adviser: Alan Krueger

Labor economist, Princeton prof worked in Treasury Department

(Newser) - President Obama is set to nominate Princeton labor economist Alan Krueger as his top economic adviser. Krueger, who helped lead the Treasury Department through Obama’s first two years in office, would become the chair of the Council of Economic Advisers. In the position, he’d likely urge government action... More »

Austan Goolsbee to Leave White House

Economic guru returning to teach at University of Chicago

(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... More »

With Summers Out, Who's In?

A woman CEO? Or an outsider?

(Newser) - News that Larry Summers is leaving the Obama administration has set off a flurry of speculation about who will or should replace him. And we've got that speculation for you right here:
  • Obama would like to pick a female CEO, sources tell Politico , because he's "acutely aware that all
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Larry Summers Will Leave White House After Midterms

Top adviser joins exodus of economic team

(Newser) - President Obama's top economic adviser plans to leave the administration at the end of the year, the White House said today. Lawrence Summers will leave his post as director of the National Economic Council to return to Harvard University, where he once served as president before being forced out in... More »

Obama's New Economic Adviser: Austan Goolsbee

'Inner circle' member will replace Christina Romer

(Newser) - Austan Goolsbee will succeed Christina Romer as the chair of President Obama's Council of Economic Advisers. The president made the announcement today at the beginning of his press conference on the economy; administration sources leaked Goolsbee's name last night. Goolsbee, 41, is a University of Chicago economist and member of... More »

Romer Will Be Summers Ally, but With a Deft Touch

Pick for Council of Economic Advisers chair known for 'deft touch'

(Newser) - Relative unknown Christina Romer was a smart pick to lead Barack Obama's Council of Economic Advisers, Lisa Lerer writes for Politico. The Berkeley professor is a Depression expert, and "right now, you want a business cycle stabilization chair," one colleague said. She describes herself as having “liberal... More »

Berkeley Prof to Head Council of Economic Advisers

Christina Romer is expert on recessions

(Newser) - Barack Obama has chosen Christina Romer, a Berkeley economics professor, to lead the Council of Economic Advisers, ABC News reports. The council analyzes economic developments and recommends policy for the president. Obama will announce Romer’s appointment, along with the rest of his economic team, today. More »

Bush Sees Success as Iraq War Turns 5

Bush says the war must be won

(Newser) - On the fifth anniversary of launching the shock-and-awe assault that toppled Saddam Hussein's regime in Iraq, President Bush will make a major speech at the Pentagon today, CNN reports. In excerpts from the speech he acknowledges that "the fight in Iraq was faltering," but praises the progress in... More »

WH Pares 2008 Economic Forecast, Hikes Jobless Rate

Housing decline 'more significant' than thought

(Newser) - The White House cut back its expectations for 2008 economic growth today and said unemployment rates are likely to worsen, citing the housing slump. GDP will grow only by 2.7% next year, down from an earlier 3.1%, said officials from Treasury and the Council of Economic Advisers; and... More »

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