President Barack Obama's top economic adviser is resigning to resume teaching at the University of Chicago Booth School of Business.
Austan Goolsbee, who advised Obama during his 2008 presidential campaign, will leave the administration later this year to return to the Chicago school and teach next fall, the White House announced Monday.
Since taking a leave from the school, Goolsbee since has become the chief economist and chairman of the Council of Economic Advisers.
"Since I first ran for the U.S. Senate, Austan has been a close friend and one of my most trusted advisers," Obama said in a statement. "Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression."
