Tuesday, September 21, 2010

Top Obama economic aide Lawrence Summers to leave

(Good News!!! Now, sack Geithner, too, and we should start to see signs of good times to come.--jef)

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by AFP : Tuesday September 21, 2010

A top economic advisor to President Barack Obama, Lawrence Summers, is to leave the administration at the end of the year, officials said Tuesday, in the third such departure in three months.

The announcement by Summers follows resignation announcements by Christina Romer, chair of the White House Council of Economic Advisors, and budget director Peter Orszag.

Summers, who is head of President Barack Obama's National Economic Council, was Treasury secretary under president Bill Clinton.

He returned to government in the Obama administration as chief adviser to the president on the development and implementation of economic policy as the nation battles one of the worst recessions in decades.

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