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August 29, 2011 10:44 AM
ABC News' Mary Bruce (@marykbruce) Reports:
President Obama will announce this morning that he plans to nominate labor economist Alan Krueger to lead his Council of Economic Advisers.
"As one of this country's leading economists, Alan has been a key voice on a vast array of economic issues for more than two decades," Obama said in a written statement. "Alan understands the difficult challenges our country faces, and I have confidence that he will help us meet those challenges as one of the leaders on my economic team."
Krueger, 50, previously served as the Chief Economist at both the Treasury Department and the Labor Department. He is also a Princeton University professor. If confirmed, Krueger would replace Austan Goolsbee, who left the position earlier this month to return to teaching at the University of Chicago.
Today's announcement completes an overhaul of the White House economic team that has left Treasury Secretary Timothy Geithner as the only remaining official from Obama's original team.
Previous Council of Economic Advisers chair Christina Romer left in September 2010, National Economic Council director Larry Summers returned to Harvard in January, and Office of Management and Budget director Peter Orszag left last July.
Following speculation that Geithner was also readying to leave, Treasury announced earlier this month that the Secretary is in fact staying in his current position.
User Comments
Posted by: Skip | Aug 29, 2011 11:44:09 AM
Posted by: lindz1989 | Aug 29, 2011 11:43:42 AM
Posted by: billy bob | Aug 29, 2011 11:39:36 AM
Posted by: wheresmymoney | Aug 29, 2011 11:36:02 AM
Posted by: Publius | Aug 29, 2011 11:31:02 AM
Posted by: Skip | Aug 29, 2011 11:18:44 AM
Posted by: J.R. | Aug 29, 2011 11:17:39 AM
Posted by: deadwrestler | Aug 29, 2011 11:15:42 AM
Posted by: wheresmymoney | Aug 29, 2011 11:14:58 AM
Posted by: America in Decline | Aug 29, 2011 11:13:58 AM
Posted by: EPU | Aug 29, 2011 11:05:33 AM
Obama has made it clear he plans to spend $1 BILLION to try to get reelected. Spending $1 BILLION while the American people are suffering shows how out of touch Obama is. Having the taxpayers pay for what was just a campaign trip shows his disdain for the suffering of the American people.
The fact is the American economic problems will never be solved. All of the people living off the governments dime (welfare, food stamps, government employees, etc.) will continue to vote for the SPEND, PRINT, REGULATE, and TAX DEMOCRATS. The SPEND, PRINT, REGULATE, and TAX DEMOCRATS will continue to vote for the maintenance and extension of these programs so they can keep getting elected. It is a downward spiral with no viable solution unless all of us not living off the government's dime vote 100% to replace the SPEND, PRINT, REGULATE, and TAX DEMOCRATS.
Posted by: AngryMobVoter | Aug 29, 2011 10:59:25 AM
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