One of President Obama's top economic advisers is leaving the White House later this year, to return to his teaching job at Princeton. Since 2011, Alan Krueger has chaired the President's Council of Economic Advisers.
NPR's Scott Horsley takes this look back at his time in the White House.
SCOTT HORSLEY, BYLINE: One of Alan Krueger's tasks at the White House is deciphering the many different signals the economy sends, including the closely watched jobs report that typically comes out on the first Friday of the month.
A popular phenomenon during the housing boom, flipping is when a house is bought and sold within a six-month period. Flippers are real estate investors who buy houses, fix them up quickly and then resell them, making money off the renovation. In parts of California, it's happening at some of the fastest rates in a decade.
At a recent open house in Glassell Park, a neighborhood in northeast Los Angeles, curious buyers and neighbors streamed into a green stucco house that had just come onto the market.
Alan Krueger, the chairman of the President's Council of Economic Advisers, says he will step down to return to Princeton to resume his post as a professor of economics.
Krueger, who has served as CEA chairman for the past two years, will return to Princeton in time for the beginning of the fall term. The Associated Press quotes a source familiar with the situation as saying Jason Furman, who served in President Obama's 2008 campaign, will be tapped as a replacement.
About 2,200 passengers were being flown back to Baltimore on Tuesday, a day after their cruise ship caught fire on its way to the Bahamas. There were no injuries aboard Royal Caribbean's Grandeur of the Seas.
But in the wake of the incident and others like it, the cruise ship companies have something of a black eye. The industry is now trying to reassure passengers it's OK for them to sail, adopting what it called a passenger "bill of rights."
This is TALK OF THE NATION. I'm John Donvan in Washington. Neal Conan is away. A small hole in the ground, that's all it looked like the other day in the photo of the Christian Science Monitor, published in its coverage of a tornado that ripped through Moore, Oklahoma, a small hole in the ground surrounded on all sides by the wreckage of totally flattened homes, right up to the very edge of that hole in the ground, which oddly is rectangular in shape in the photo and has a door attached to it, flung open.
Saying it was the world's largest international money laundering prosecution in history, authorities announced charges against the operators of Liberty Reserve, an online currency exchange that prosecutors say enabled more than a million people worldwide to launder about $6 billion.
Now, we head to Detroit. We've reported a number of times on the city's serious financial difficulties. The city owes billions of dollars to creditors and the governor of Michigan has appointed an emergency manager to try to settle the city's finances.