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Obama praises Egypt, talks budget at news conference

The president says Egypt is sending 'the right signals' regarding developing democratic systems and is optimistic on U.S. domestic economic issues.

Live-Blogging Obama's News Conference

President Obama held his first full-scale White House news conference in three months and the first of the fall campaign season. He announced his promotion of the White House economist, Austan D. Goolsbee, to succeed Christina Romer as chairman of the president’s Council of Economic Advisers, and also addressed other issues of the day, including the Middle East peace talks and the debate over extending the Bush tax cuts.

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