Jason Furman, stimulus backer, to head President Obama’s economic council

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President Obama on Monday afternoon will nominate a prime architect of his economic stimulus plan and health care laws in his first term to become chairman of the White House Council of Economic Advisers.

A White House official said Jason Furman, who has served as principal deputy director of the National Economic Council, will be nominated to replace current CEA Chairman Alan Krueger, who is returning to his position as a professor of economics at Princeton University.

Mr. Furman has advised the president on a wide array of economic issues, from infrastructure investment to technology policy to tax reform, the official said. He helped to craft the Recovery Act in 2009 and was a “core contributor” to the 2010 Affordable Care Act.

The post of chairman of the White House council of economic advisers is subject to confirmation by the Senate.

Mr. Furman has been member of Mr. Obama’s economic team since 2008, playing a central role in the 2010 tax deal with congressional Republicans that extended Bush-era tax cuts for two more years; and the American Taxpayer Relief Act of 2012 that raised taxes on families earning more than $450,000 per year.

Prior to joining Mr. Obama’s 2008 presidential campaign, Mr. Furman was a senior fellow at the left-leaning Brookings Institution. He also served as a special economic assistant to President Clinton.

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