Obama to push message on economy, hold news conference

September 2, 2010

Washington pundits¬†questioned President Barack Obama’s decision to devote so much time this week to foreign policy with his Iraq speech on Tuesday and his foray on Wednesday into Middle East peacemaking at a time when Americans are preoccupied with the economy.

But Obama’s message next week seems like it will be heavily focused on jobs and the economy. He will mark Labor Day with a “Laborfest” event on Monday in Milwaukee and travel to Cleveland on Wednesday for an event on the economy. USA/

On Friday, he will hold a news conference at the White House.

Could next week bring a decision on how he will fill two key jobs — chairman of the Council of Economic Advisers and the head of the new U.S. consumer agency?

White House spokesman Robert Gibbs won’t say. But he did advise that it was unlikely there would be a decision on either of those jobs this week.

Meanwhile, speculation is growing that Austan Goolsbee is the favorite to replace departing CEA chair Christina Romer and that Elizabeth Warren is likely to be tapped as head of the Consumer Financial Protection Bureau.

Talk that the White House might be getting ready to make an announcement on Warren grew on Thursday after The Washington Post reported that the Harvard law professor and outspoken consumer advocate will no longer be teaching a contracts class that had been on her schedule for the fall.

But a Harvard spokesman said she is still scheduled to teach another course.

Photo credit: Reuters/Jim Young (Treasury Secretary Timothy Geithner greeted by Elizabeth Warren, December 2009)

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