As the Occupy Wall Street protests have grown to cities across the United States, they've also taken root at US universities, where students have staged rallies and walk-outs from classes.
In a Rose Garden briefing, President Obama named Princeton University economist Alan Krueger as the next head of the White House Council of Economic Advisors.
Stock market gains early Friday morning were wiped out by noon, before another rally ensued. A better-than-expected jobs report gave some analysts hope that another recession could be averted.
The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.
The US is the only major economy where leaders talk openly about the potential of default. It's dangerous because financial markets would punish the US with high interest rates if traders believed the US would default.
Congressional Budget Office Director Douglas Elmendorf discussed the "dangerous gamble" of a potential American default on its debt ceiling, the heavy impact of even slight shifts upward in US borrowing costs and his belief that a "great deal of the pain of this downturn lies in front of us still" at a June 14 Monitor breakfast.
White House economist and longtime Obama adviser Austan Goolsbee says he's returning to academia. Considering Americans' views of the slow recovery, perhaps that helps the president.