President Barack Obama ’s chief economist said Wall Street has largely recovered from the 2008 crisis and will be strengthened by the White House-backed regulatory overhaul that Congress passed this year.
Austan Goolsbee , chairman of the White House Council of Economic Advisers, in an interview on Bloomberg Television’s “Political Capital with Al Hunt ,” airing this weekend, said he is confident that the administration and Congress will reach a deal to raise the federal debt limit and that markets are confident that the U.S. won’t default.
On Jan. 1, Latvia will adopt the euro, and its lats currency will be no more. Farewell to the bearded Krisjanis Barons, the collector of folk songs who graces the 100-latu note. The Baltic nation is shucking a piece of its heritage because its leaders predict joining Europe’s common currency zone will lead to more trade and prosperity.
President Barack Obama probably will receive August’s unemployment report before he delivers his acceptance speech tonight at the Democratic National Convention in Charlotte, North Carolina, said Austan Goolsbee, a former chairman of the White House Council of Economic Advisers.