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US economy recovering from worst downturn: White House

Last Updated: Friday, August 02, 2013, 21:13

The US economy is recovering from the worst downturn, the White House said Friday as the latest figures indicated that the unemployment rate has dropped to 7.4 percent, the lowest level since December 2008.

Obama nominates Furman as top Economic Adviser

Last Updated: Tuesday, June 11, 2013, 09:34

President Barack Obama has nominated Jason Furman, a veteran White House economic official, as Chairman of the President`s Council of Economic Advisers.

Obama's top economist to leave White House

Last Updated: Wednesday, May 29, 2013, 15:01

Alan Krueger, chairman of White House Council of Economic Advisers (CEA), has announced his plans to return to Princeton University as a professor later this year, the White House said in a statement.