Tuesday, September 21, 2010

Larry Summers is Resigning

CNN is reporting that economic advisor Larry Summers will step down, which will make many, many people happy. He's going back to school:
Larry Summers, President Obama's key economic adviser, will leave the administration by the end of the year and return to Harvard, the White House announced.

Summers, the director of the National Economic Council, becomes the latest member of Obama's economic team to leave.

Last month, Christina D. Romer, chairman of the White House Council of Economic Advisers, left that post to return to the University of California, Berkeley. The president quickly nominated longtime economic adviser Austan D. Goolsbee to replace her. CNBC