The job market strengthened in July, a welcome piece of good news that sharply contrasted other recent data pointing toward an economic slowdown.
Austan Goolsbee, Chief Economist, President's Econ Adv Board on recent jobs report and President's handling of economy.
President Obama's top economic adviser, Austan Goolsbee, is leaving the administration to return to the University of Chicago, the White House announced Monday night.
President Obama's top economic adviser, Austan Goolsbee, is leaving the administration to return to the University of Chicago, the White House announced Monday.
The private sector must become the driver of a still fragile economic recovery buffeted by high gas prices, the Japanese earthquake and tsunami and other "headwinds" so far this year, President Barack Obama's top economic adviser said Sunday.
Cutting spending is not the best way to curb the federal government's long-term deficit, a top White House official told a conference of leading economists Tuesday.
The jobs outlook brightened in February, as strong business hiring helped trim unemployment to its lowest level in nearly two years.
If Congress does not raise the debt ceiling, the result could be "catastrophic" for the American economy, Austan Goolsbee, chairman of the Council for Economic Advisers, said Sunday.
Americans can help the recovery along by saving more than in the past, but also by spending responsibly in proportion to income, one of President Obama's top economic advisers said Tuesday.
President Obama could announce as early as Friday morning that he will tap Austan Goolsbee to be chairman of the White House Council of Economic Advisers, according to two senior administration officials familiar with the announcement.
A deal is close on a Senate financial reform bill, the leading negotiators said Sunday, but Republicans warned they are not yet prepared to launch debate on the measure.
Regulators have delayed releasing the results of stress tests conducted on the nation's largest banks until May 7, government officials familiar with the matter said Friday.
President-elect Barack Obama on Wednesday named former Federal Reserve Chairman Paul Volcker as the head of a special economic recovery advisory board.
You might think that being part of a presidential candidate's brain trust would mean high-level meetings in plush quarters with good food.
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