Less than a year after he was named chairman of the White House Council of Economic Advisers, Goolsbee plans to return to his teaching job at the University of Chicago, the Obama administration said in a statement. He will be back in Chicago in time for the start of the next school year.Goolsbee's departure leaves Treasury Secretary Timothy Geithner as the sole remaining senior member of Obama's original economic team, as the president is under pressure to persuade Americans that he has a plan to boost growth.
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