Obama to name Krueger for key economic post
by msnbc.com news services . Aug. 29, 2011 Read Later <http://www.readability.com/articles/okbolvvf?legacy_bookmarklet=1> . Jon Roemer / Princeton President Barack Obama will nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers. WASHINGTON - President Barack Obama will nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers, a White House official said Monday. If his nomination is confirmed by the Senate, Krueger will succeed Austan Goolsbee in the White House economic post. Goolsbee left the position earlier this month to return to his teaching post at the University of Chicago. The departure was a blow for the White House as Goolsbee had been a high-profile spokesman on the economy. A labor economist, Krueger is likely to provide a voice inside the administration for greater action to bring down unemployment and deal with the problem of long-term joblessness, according to The <http://www.msnbc.msn.com/id/44311574/ns/business/> WallStreet1 <http://www.readability.com/articles/okbolvvf?legacy_bookmarklet=1#rdb-footn ote-1> Journal. Krueger served as assistant Treasury secretary for economic policy during the first two years of the Obama administration, meaning he has recently cleared the sometimes treacherous Senate confirmation process, the Journal noted. The Krueger decision comes as Obama prepares to unveil a jobs package in a speech planned for shortly after the September 5 Labor Day holiday. With U.S. unemployment at a stubbornly high 9.1 percent and amid fears the economy could slide back into recession, Obama is under pressure to show he is doing all he can to bolster growth. _____ References 1. ^ <http://www.readability.com/articles/okbolvvf?legacy_bookmarklet=1#rdb-footn ote-link-1> WallStreet <http://www.msnbc.msn.com/id/44311574/ns/business/> (www.msnbc.msn.com) ( http://www.msnbc.msn.com/id/44311574/ns/business/ ) Share . * Post to Twitter <http://www.readability.com/articles/okbolvvf?legacy_bookmarklet=1> * Post to Facebook <http://www.facebook.com/share.php?u=http://www.readability.com/articles/okb olvvf>
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