Jan. 7 at 11:17 a.m.
Filed under:
Economy,
Government,
Updated
By Associated Press
President Barack Obama appointed Gene Sperling as his director of the National Economic Council Friday, placing a Washington veteran with a bipartisan track record in the White House as the administration contends with a divided Congress.
Sperling’s appointment coincided with the release of the December jobs report that showed the unemployment rate dropping to 9.4 percent, its lowest level in nearly two years. But job growth fell short of expectations, and Obama said that Sperling, along with other newly appointed members of the economic team, have a challenging task ahead. Get the full story »
Dec. 13, 2010 at 9:38 a.m.
Filed under:
Economy
By Reuters
Outgoing White House economic adviser Larry Summers said Monday that it was crucial to ensure that the economic recovery is as rapid as possible.
In a speech to the Economic Policy Institute think tank, Summers also said lack of demand was a main constraint facing the economy and that government must help counteract that.
Sep. 21, 2010 at 4:43 p.m.
Filed under:
Policy,
Politics
By Associated Press
President Barack Obama’s top economic adviser, Lawrence Summers, plans to leave the White House at the end of the year, a move that comes as the administration struggles to show an anxious public it’s making progress on the economy.
Aug. 24, 2010 at 8:07 a.m.
Filed under:
Economy,
Politics
By Reuters
U.S. House Republican leader John Boehner Tuesday called for the resignation of President Barack Obama’s economic team, including Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers. Boehner, in the text of a speech to be given in Cleveland, called for a “fresh start” on the economy. Get the full story »
May 24, 2010 at 10:41 a.m.
Filed under:
Economy,
Jobs/employment
Reuters | There are “growing signs” of a recovery in the U.S. economy but the high unemployment rate remains a big concern, White House economic adviser Lawrence Summers said on Monday.
Summers said the economic outlook had improved markedly since the credit crisis of 2008-2009 that spurred fears of another Great Depression.
Get the full story »
