Yesterday, Larry Summers — former Harvard president and lauded economist — announced he will leave his position as the head of the National Economic Council at the end of the year. Cue the rabid speculation over who might replace him.
Larry Summers, the head of the National Economic Council and an adviser to President Barack Obama, is stepping down at the end of the year.
Speaking with ABC’s Jake Tapper on This Week, former President Bill Clinton — during whose tenure the government decided against regulating derivatives and allowed the repeal of some of the Depression-era Glass-Steagall Act, allowing the creation of megabanks — said he was wrong.
I think [Treasury Secretaries Robert
This afternoon, the Senate filed cloture on the nomination of Lael Brainard to become undersecretary for international affairs, one of the highest ranking positions in the Treasury Department. Both Larry Summers and Treasury Secretary Timothy Geithner are former undersecretaries for international affairs — the top governmental adviser on international economic More…
One can hardly wander around the White House or the Treasury Department without bumping into someone who worked for Goldman Sachs. A short list:
Although unemployment numbers for the month of February won’t be out until Friday, the administration is already on the political defensive — never a good sign. In an interview on CNBC, National Economic Council Director Larry Summers announced that blizzards will “distort” unemployment statistics. “It’s going to be More…
The White House wants it. Senate leaders support it. The House has already passed it. And, in the wake of the worst financial upheaval since the Great Depression, many consumer groups and state regulators say it’s vital if the country is to avoid another economic collapse. Yet the proposal to More…
WorldNetDaily draws the latest over-heated attack on a member of the Obama administration from an unlikely source — the autobiography of Princeton University professor Cornel West. In his new book, West claims that then-Harvard University President Larry Summers encouraged him to help “f**k up” Prof. Harvey Mansfield, apparently an More…
For Tim Geithner, it’s been a difficult week.
“Conservatives agree that as point person, you failed,” Rep. Kevin Brady (R-Texas) told the Treasury secretary yesterday during a hearing of the Joint Economic Committee. “Liberals are growing in that consensus as well. Poll after poll shows that the American public has More…
No surprise that President Obama’s top economic adviser Larry Summers was among those gathered at today’s White House meeting with credit card executives. But is it too much to expect that he would stay awake through the discussion?
Short answer: yes.
From the pool report:
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