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Obama to name Furman as Chief Economist

President Barack Obama on Monday will nominate longtime adviser Jason Furman to be his new chief White House economist, an administration official said.Furman, who will replace economist Alan Krueger as chair of the White House's Council of Economic Advisers (CEA), has a Ph.D. in economics from Harvard University and has advised Obama since his 2008 election campaign.Furman has been instrumental in formulating administration policies on taxes, the response to the U.S. recession, the formulation of a sweeping healthcare overhaul and efforts to avoid a "fiscal cliff" at the end of last year."Furman has been a key adviser to the president and has contributed to most every major proposal on jobs and the economy," said the White House official who declined to be identified. Obama will announce the appointment at 2:10 p.m. EDT.Krueger, who was confirmed as CEA chair in November 2011, is returning to his professor post at Princeton University, from which he has been on leave. He had to return...

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  1. What Happens if Entitlement Programs Get Cut?

    The budget battle rages on in Washington, D.C. with the $84 billion sequester already underway. Now, White House officials say the president is willing to revisit th...

  2. Bias Bash: Doom and gloom campaign over sequester?

    Cal Thomas on the media coverage of spending cuts

  3. White House Backs Down on Dire Predictions from Spending Cuts

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  4. Futures Retreat From Near-Record Highs

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  5. Sequester a 'failure of presidential leadership' by Obama?

    Sen. Lamar Alexander sounds off

  6. Sequestration fears and blame

    Media pushing White House agenda?

  7. Bias Bash: Media blames Woodward and defends Obama

    Jim Pinkerton and Julie Roginsky discuss whether remarks were overblown or a threat to journalism

  8. Obama administration too tough on the press?

    Questions about White House relationship with media after Woodward controversy

  9. 'Most transparent' White House likes to bully press?

    As alleged threats to Bob Woodward and others show, Obama administration doesn't like to be challenged by reporters

  10. Media Honeymoon Over for White House?

    FBN’s Lou Dobbs on the mainstream media’s treatment of the White House.

  11. FNC VIdeo

    FNC VIdeo

  12. Bob Woodward on 'Hannity', Part 2

    Famed Watergate journalist threatened for challenging administration

  1. Can D.C. Really Reform the Tax Code?

    Despite skepticism Washington can overhaul the tax code, House Ways and Means Committee Chairman Dave Camp (R-MI) optimistically continues his push to write a new fe...

  2. Would Obama’s Budget Stimulate Jobs, Economy?

    White House Council of Economic Advisers Chairman Alan Krueger on the President’s budget plan.

  3. President Willing to Compromise on Budget Plan?

    National Economic Council Director Gene Sperling on the President’s budget proposal.

  4. Obama’s Budget Proposal Targeting Wealthy Investors?

    University of Maryland Economist Peter Morici, United Advisors Chief Market Strategist Scott Martin, Barrons.com Editor Jack Otter and FBN’s Rich Edson on the details leaked from the White House budget proposal.

  5. The Blame Game of Sequestration

    “The Amateur” author Ed Klein on sequestration and the White House-Bob Woodward controversy.

  6. Obama's presidency built on blaming others?

    Brit Hume weighs in on sequester

  7. Will sequester fester on Capitol Hill?

    Reaction from the Political Insiders

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