10 things you need to know today: September 16, 2013

Summers withdraws from contention to be the next Fed chairman, the U.N. releases its report on Syria's chemical attack, and more

U.N. chemical weapons experts
(Image credit: (REUTERS/Mohamed Abdullah))

1. Summers drops out of contention to lead the Federal Reserve

Lawrence Summers withdrew his name from consideration to be the next Federal Reserve chairman on Sunday, after opposition from key Democrats indicated that he faced a tough, possibly fruitless confirmation fight. Summers, a former Treasury secretary, was widely known to be Obama's top pick to replace Fed Chairman Ben Bernanke when his second term ends in January. Now the frontrunner is Federal Reserve Vice Chairwoman Janet Yellen. [New York Times]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.