President Obama on Monday afternoon will nominate Jason Furman to be his next chairman of the Council of Economic Advisers, according to a White House official.
Furman, now assistant to the president for economic policy and the principal deputy director of the National Economic Council, would replace the outgoing Alan Krueger, who is returning to teach at Princeton University in the fall.
Obama’s nominee was a key player in crafting the administration’s $800 billion stimulus plan, as well as the president’s health care overhaul. Furman has served in the Obama administration since its inception and was also an economic adviser on Obama’s first presidential campaign.
Obama is making the economic announcement as revelations about his top-secret surveillance programs continue to overshadow his agenda.
The White House official said Obama would say that Furman has made the “tax code more progressive and fair.” Obama will make the announcement at 2:10 p.m. at the White House, the official said.
The nomination must be confirmed by the Senate.