Larry Summers

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Boehner: Fire Geithner, Summers

GOP minority leader says they've done enough damage

(Newser) - John Boehner—the House minority leader who could be House speaker if things go right for Republicans in the midterms—is generating headlines today for one of his economic prescriptions: Obama must fire Tim Geithner and Larry Summers.The duo must "see the handwriting on the wall" after the...

Obama Adviser Romer Quits Amid Feud With Summers

She's frustrated over lack of access to Obama, says report

(Newser) - The National Journal sniffs out some infighting among the Obama economic team and reports that adviser Christina Romer will resign. Her official title is chair of the Council of Economic Advisers, and she's supposedly miffed that she doesn't have as much access to the president as main financial adviser Larry...

White House's New Must-Have: iPad

Apple's 'magical' device a hit at 1600 Pennsylvania Ave

(Newser) - Known as technophiles during the 2008 campaign, Barack Obama's top advisers have a "magical" new gadget to geek out on: The iPad, which has become a staple in the White House. The Washington Post undertook the important journalistic endeavor of exposing early adopters like Rahm Emanuel (who has "...

Clock Ticking, but No Deal Yet

 Clock Ticking, 
 but No Deal Yet 
talk show roundup
Apr 25, 2010 11:29 AM CDT

Clock Ticking, but No Deal Yet

Test vote on financial reform expected tomorrow

(Newser) - Harry Reid still plans an important test vote on financial reform tomorrow, but there's no bipartisan deal yet. Lead negotiators Chris Dodd and Richard Shelby said on Meet the Press they'll keep working on it today, reports CNN , while Mitch McConnell is sending filibuster signals. "It’s my expectation...

Critics Rip White House Links to Goldman Sachs

Foes concerned about ties that blind

(Newser) - As the SEC builds its case charging Goldman Sachs with defrauding thousands of consumers, critics continue to hammer at White House links to the firm. Goldman Sachs CEO Lloyd Blankfein met twice with President Obama and twice with economic aide Larry Summers while SEC investigators probed the company. A White...

Larry Summers Will Be Gone by Year's End
Larry Summers Will Be Gone
by Year's End
ANALYSIS
Apr 6, 2010 8:34 PM CDT

Larry Summers Will Be Gone by Year's End

Adviser irked that Geithner, not he, has Obama's ear

(Newser) - Economics guru Larry Summers will be out the Obama administration by November’s election, or shortly thereafter, Joshua Green contends —mainly out of frustration that Treasury Secretary Timothy Geithner, and not he, has become President Obama’s go-to adviser in that area. Blogging for the Atlantic, Green notes that,...

Specter: GOP Will Filibuster Stevens' Successor

And White House is all about creating jobs

(Newser) - If John Paul Stevens retires this year at the ripe old age of 90, his successor will likely face a GOP filibuster during Senate confirmation hearings, says Republican-turned-Democrat Arlen Specter. “I think the gridlock in the Senate might well produce a filibuster, which would tie up the Senate [for]...

Obama: Tea-Baggers Control GOP Agenda

 Obama: 
 Tea-Baggers 
 Control GOP 
 Agenda 
also, Rahm hates bo
Mar 20, 2010 12:24 PM CDT

Obama: Tea-Baggers Control GOP Agenda

President blames Republican opposition to the stimulus

(Newser) - New York has an early look at Newsweek columnist Jonathan Alter's book on the Obama White House, The Promise. Tidbits (some newsier than others):
  • Obama tells Alter that GOP opposition to the stimulus "helped create the tea-baggers and empowered that whole wing of the Republican Party where it
...

Larry Summers Coins a Phrase
 Larry Summers Coins a Phrase 
Jan 30, 2010 10:58 AM CST

Larry Summers Coins a Phrase

US experiencing a 'statistical recovery and a human recession'

(Newser) - The Wall Street Journal is taken with a phrase uttered by Larry Summers today at the Davos economic summit. The US is experiencing a "statistical recovery and a human recession," said the Obama economic adviser. The phrase "should resonate through much of the industrial world, where high...

Post-Bailout Economy Ruled by Washington
Post-Bailout Economy Ruled by Washington
Analysis
Dec 28, 2009 10:13 AM CST

Post-Bailout Economy Ruled by Washington

Companies bend to Fed's will—even when they don't have to

(Newser) - The rash of government bailouts in the last 16 months was aimed at averting financial meltdown, but its effects on American capitalism will last long after the last TARP funds are (if they are) paid back, the Wall Street Journal predicts. Obama adviser Larry Summers argues that the interventionist moves...

Summers: Recession Is Over
 Summers: 
 Recession 
 Is Over 



TALK SHOW ROUNDUP
Dec 13, 2009 11:44 AM CST

Summers: Recession Is Over

No, it's not, says fellow White House adviser

(Newser) - Key White House economic advisers split today on whether the recession's over, reports Politico . "Everybody agrees that the recession is over, and the question is what the pace of the expansion is going to be," Larry Summers said on State of the Union. Christina Romer didn't get that...

Disgruntled Dem Wants Geithner, Summers Sacked

Peter DeFazio says White House betrayed Main St. for Wall St.

(Newser) - Rep. Peter DeFazio wants Barack Obama to fire the Larry Summers and “Timmy Geithner” for being Wall Street lap dogs, and says there’s a “growing consensus” in the Progressive Caucus that agrees with him. Summers and Geithner oppose a Progressive proposal to use unspent TARP funds to...

In Switch, 'Real Economy' Hits Big Banks
 In Switch, 
 'Real Economy' 
 Hits Big Banks 
PAUL KRUGMAN
Oct 19, 2009 9:49 AM CDT

In Switch, 'Real Economy' Hits Big Banks

Slumping profits are 'payback' from Main Street whipped by bad practices

(Newser) - Those concerned about the nation’s banks should forget about the “softly, softly policy” of the Obama administration that has allowed Goldman Sachs to go back to business as usual in spectacular fashion. The real problem, Paul Krugman writes, is banks like Citi and Bank of America that are...

Obama Vows to End 'Fat' Exec Bonuses

Summers sees 'death panel' tactics from reform foes

(Newser) - President Obama used his weekly radio address today to promise a continued crackdown on risky investment schemes that result in "fat executive bonuses" on Wall Street, reports Reuters. Obama pledged to use next week's G20 summit in Pittsburgh to push for sweeping reform of the world's financial markets. "...

Obama Should Have Put Wall Street on Trial
Obama Should Have Put Wall Street on Trial
OPINION
Sep 8, 2009 8:22 AM CDT

Obama Should Have Put Wall Street on Trial

But he didn't, and now GOP fat cats can somehow play populist

(Newser) - How can rich fat cats like Glenn Beck and Rush Limbaugh pretend to be populists, while tarring Barack Obama as the establishment? Because Barack Obama missed his chance to strike a blow for the little guy and prosecute Wall Street, writes communications professor Jon Taplin. Instead, he listened to Wall...

Change the Fed, Keep Bernanke

 Change the Fed, 
 Keep Bernanke 
OPINION
Aug 14, 2009 6:52 AM CDT

Change the Fed, Keep Bernanke

(Newser) - The Federal Reserve is ripe for some major changes everywhere but at the top, Steven Pearlstein writes for the Washington Post. It's finally clear that the job "involves a lot more than adjusting interest rates," and we've seen the drain that happened when we "left the previous...

Obama Cracks Whip, Cites Progress on Health Reform

'Now we've got to get over the finish line,' President tells Congress

(Newser) - President Obama today praised “unprecedented progress” in Congress on health-care reform, the Boston Globe reports. In a hastily scheduled appearance meant to galvanize support amid some signs this week of Democratic dissent, Obama said he remained “absolutely convinced” a bill would be passed this year. “The last...

Economy 'Back From the Abyss:' Summers

(Newser) - President Obama's top economist is confident that swift action by the administration averted disaster, ABC News reports. “We were at the brink of catastrophe at the beginning of the year,” Larry Summers says, “but we have walked some substantial distance back from the abyss.” Summers credits...

Bailouts May Be Offered to Small Businesses

TARP funds, meant to save banks, could be used to save jobs

(Newser) - The Obama administration is working on a plan that would take money from the TARP—the $700 billion fund intended to rescue banks—and lend it to small businesses, the Washington Post reports. The money would come with few restrictions, and the government would pick up as much as 90%...

Geithner, Summers Outline New Regulatory System
Geithner, Summers Outline New Regulatory System
OPINION
Jun 15, 2009 8:33 AM CDT

Geithner, Summers Outline New Regulatory System

(Newser) - The current financial regulatory system “is riddled with gaps, weaknesses, and jurisdictional overlaps,” Treasury Secretary Timothy Geithner and Obama economic guru Larry Summers write in today’s Washington Post. They outline, in broad strokes, their plan to fix it:
  • Capital and liquidity requirements will be raised across the
...

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