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June 6, 2011 7:39 PM

Austan Goolsbee to leave Obama's economic team

For the second time in less than a year, the White House is looking for a new head of the Council of Economic Advisers after Austan Goolsbee said late Monday that he's leaving the post to return to academia. His departure was announced just days after a dismal government jobs report and other indications that the recovery is faltering.

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