This morning, President Obama announced Alan Krueger will take over as the chairman of the White House Council of Economic Advisers.

A roundup of this morning’s must-read budget and economic stories.

“The White House has issued an alert for American tourists traveling in Europe over fears of a terror attack. But the joke’s on you, terrorists. We can’t afford to go to Europe.” — Jimmy Fallon

This afternoon, Politico reported that Austan Goolsbee has been named to take over as the new chairman of the White House Council of Economic Advisers. Goolsbee, 41, will succeed Christina Romer. A senior administration official said Goolsbee is a team player who can navigate the White House, and is a skilled television interviewee who can [...]