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 Summers. The White House confirmed the move tonight (but not the reason) and said Romer would leave her post at the end of the month to resume teaching at Berkeley, notes the Washington Post.
"She has been frustrated," an anonymous source tells the National Journal. "She would be giving different advice than" Summers. The story also quotes a banking consultant who says Summers should be taking the fall for badly underestimating how high the jobless rate would go. "But Larry is a pretty good bureaucratic infighter." Romer's departure follows that of Budget Director Peter Orszag.