Larry Summers, the White House's most senior economic adviser, has announced he will resign and return to teaching at Harvard at the end of the year. The reasons behind his decision are not yet clear — some say he wanted to return to the university before he lost his tenure there, others that he was peeved not to be appointed chairman of the Federal Reserve — but the departure of the former Treasury Secretary will leave a gaping hole in Obama's economic team. Who should fill it? (Watch a Fox report about Summers' departure)
Time for a woman CEO in Obama's economic team: The Obama administration is "acutely aware" that all of its senior economic leaders are "white males with virtually no experience running a major business enterprise," say Glenn Thrush and Kendra Marr at Politico. Not only would hiring a female CEO improve the gender balance, but it would change the perception that "the White House is stocked with out-of-touch government and academic elitists."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.