Amid mounting anxiety over the stalled economic recovery, President Obama this week announced that his chief economic advisor would be leaving before the end of the year. Lawrence Summers, who leads the National Economic Council, will return to teaching at Harvard University. Widely considered both brilliant and brusque, Summers, 55, is the third key member of Obama’s economic team to depart in recent months, following budget director Peter Orszag and economic advisor Christina Romer. Obama thanked Summers for helping “guide us from the depths of the worst recession since the 1930s to renewed growth.’’ Polls show broad voter dissatisfaction with the economy.
Continue reading for free
We hope you're enjoying The Week's refreshingly open-minded journalism.
Subscribed to The Week? Register your account with the same email as your subscription.
Sign up to our 10 Things You Need to Know Today newsletter
A free daily digest of the biggest news stories of the day - and the best features from our website
Tariff delay for electric cars: enough to recharge the EV market?
Talking Point Car industry says a delay to the EU levy will 'support consumer choice and affordability'
By Richard Windsor, The Week UK Published
House prices forecast to drop further in 2024 – is now the time to buy?
The `Explainer Rightmove is predicting a 1% fall in asking prices next year
By Marc Shoffman, The Week UK Published
The daily business briefing: December 6, 2023
Business Briefing Job openings drop to their lowest since 2021, CVS simplifies prescription drug pricing, and more
By Harold Maass, The Week US Published