Obama Adviser Goolsbee Is Returning to the University of Chicago

Austan Goolsbee, President Barack Obama’s chief economist, is resigning from the administration and returning to the University of Chicago, the White House announced yesterday.

Goolsbee, 41, chairman of the White House Council of Economic Advisers since September, has been on leave from his post as an economics professor at the university’s Booth School of Business while working for Obama. He will be back in Chicago for the start of the school year, the White House said. No replacement was named.