Obama’s Economist Expects Housing ‘Tailwind’ to Economy

President Barack Obama’s chief economist said he expects a “tailwind” from housing construction to help propel economic growth this year.

Alan Krueger, chairman of the White House Council of Economic Advisers, also said in a Bloomberg Television interview today that a shift by congressional Republican leaders to de-emphasize the threat of a U.S. debt default has helped support the surge in U.S. stocks, letting investors focus on an improving economy.