On Air Now

Listen

Listen Live Now » 101.1 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
63° Feels Like: 63°
Wind: SSE 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 74°

Tonight

Partly Cloudy 52°

Tomorrow

Sunny 78°

Alerts

Wall St Journal: Summers withdraws from consideration as Treasury Secretary

by
Former U.S. Treasury Secretary Lawrence H. "Larry" Summers speaks during a financial and economic event at the London School of Economics (L
Former U.S. Treasury Secretary Lawrence H. "Larry" Summers speaks during a financial and economic event at the London School of Economics (L

UNDATED (Reuters)  Lawrence Summers, a former top economic aide to President Barack Obama and a Treasury secretary under President Bill Clinton, has withdrawn from consideration to succeed Ben Bernanke as Federal Reserve chairman, the Wall Street Journal reported on Sunday.

"I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest of the Federal Reserve, the administration or, ultimately, the interests of the nation's ongoing economic recovery," Summers said in a letter to Obama that followed a phone call to the president, the newspaper reported.

(Reporting by Mark Felsenthal; Editing by Eric Beech)

Comments