“President Obama is expected to name a new chief economic adviser as early as this week, but the months-long search process has proven difficult and politically touchy," the Washington Post reports. "Liberals in the president's base ... want an NEC director who would push the White House to challenge the financial services industry and stand up to deficit hawks pushing the White House to cut programs such as Social Security. Business groups and Republican lawmakers, who have charged that the White House is hostile to corporations, want someone with practical business expertise."
The Post says the leading contender is Gene Sperling, "a longtime Democratic policy guru and veteran of the Bill Clinton White House who has spent two years advising Treasury Secretary Timothy F. Geithner. But some liberals say Sperling is too close to Wall Street after being paid $887,727 in 2008 by Goldman Sachs, one of several part-time jobs he held that year. Administration officials say Sperling was paid to develop a charity that has taught business skills to women in developing countries and did no commercial work."
Meanwhile, White House economic adviser Austan Goolsbee "is warning there'll be a worse catastrophe than the 2008 financial meltdown if Congress doesn't increase the government's credit limit." He said on ABC's This Week: "I don't see why anybody's talking about playing chicken with the debt ceiling. If we get to the point where you've damaged the full faith and credit of the United States, that would be the first default in history caused purely by insanity."
Obama stressed working together in his weekly address: “I’m willing to work with anyone of either party who’s got a good idea and the commitment to see it through. And we should all expect you to hold us accountable for our progress or our failure to deliver."
On Sunday, the president "signed into law an aid bill giving federal health benefits to first responders to the 9/11 terrorist attacks," the New York Post writes.