President Obama’s Chief of Economic Council, Christina Romer will be stepping down and returning to her teaching position at the University of California. According to CNN Money the resignation will take effect on September 3.
CNN Money reports:
Romer, who has been a big supporter of health care reform and the president's stimulus plan, is one of Obama's principle economic advisers -- certainly, one of the most visible. The two meet on almost a daily basis.
"Christy Romer has provided extraordinary service to me and our country during a time of economic crisis and recovery," Obama said in a statement. "While Christy's family commitments require that she return home, I'm gratified that she will continue to offer her insights and advice as a member of my Economic Recovery Advisory Board."
Romer had previously expressed an interest in returning to California once her son starts high school in the fall, Obama added.