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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Lawrence Summers

Lawrence Summers stories: 23 news summaries

1 - 20 of 23 Stories | 1 2 Next >>

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(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... More »

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economic growth • US economy • economic stimulus package • Obama administration • financial crisis • President Obama • Lawrence Summers • National Economic Council • economists • economic recovery

Bailouts May Be Offered to Small Businesses

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

Jul 11, 09 8:13 AM CDT
(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... More »

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small businesses • Treasury Department • small business • bailout • Obama administration • Timothy Geithner • Lawrence Summers • TARP

OPINION

'Quiet Radical' Bernanke Reinvents Fed

Low-key chair deserves chance to stay on, clean up: Ignatius

May 28, 09 8:22 AM CDT
(Newser) - Barack Obama has a huge decision coming up this summer: whether to reappoint Ben Bernanke as chairman of the Fed or turn to obvious challenger Lawrence Summers. If he’s smart, he’ll stick with the soft-spoken incumbent, writes David Ignatius of the Washington Post. “He has... More »

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Barack Obama • Ben Bernanke • Federal Reserve • David Ignatius • financial crisis • Lawrence Summers

TALK SHOW ROUNDUP

 Iran Prez: 
 No Talks 
 Without 
 Preconditions 

Gibbs: WH 'very serious' about swine flu outbreak; Summers: recession will worsen

Apr 26, 09 10:07 AM CDT
(Newser) - Rebuffing President Obama’s call for beginning US-Iranian negotiations without preconditions, Mahmoud Ahmadinejad pushed instead for a “clear-cut framework for talks.” In an interview from Tehran, the Iranian president told ABC’s This Week, “The agenda should be clear,” and complained that Obama didn’t respond... More »

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Iran • Barack Obama • Mahmoud Ahmadinejad • Valerie Jarrett • economy • Robert Gibbs • Lawrence Summers • swine flu

(Newser) - Larry Summers is no doubt putting in a lot of hours these days as a White House economic guru. Which might explain his ill-timed catnap today, in front of the media in the Roosevelt Room, as President Obama expounded on the dangers of the credit card industry, reports the Chicago ... More »

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sleep • economic adviser • Lawrence Summers • afternoon nap • National Economic Council

 White House Targets 
 Credit Card Chicanery 

Issuers coming under pressure to halt unfair, misleading practices

Apr 21, 09 5:58 AM CDT
(Newser) - The Obama administration is throwing its weight behind congressional efforts to crack down on credit card companies, the Wall Street Journal reports. Lawmakers are pushing legislation to ban practices like arbitrarily raising interest rates on existing balances and the president is expected to take a hard line on the issue... More »

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credit card • consumer debt • Obama administration • credit card accounts • Lawrence Summers

TALK SHOW ROUNDUP

 Summers: End 
 of Cuban Embargo 
 'Way Down Road' 

Economic adviser says Obama acting out of 'morality'

Apr 19, 09 9:42 AM CDT
(Newser) - The US trade embargo against Cuba won’t be ending anytime soon, President Obama’s economic adviser insisted today. “That’s way down the road, and it’s going to depend on what Cuba does going forward,” Lawrence Summers told NBC’s Meet the Press, saying Obama’s... More »

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CIA • Cuba • Michael Hayden • Cuban embargo • Janet Napolitano • Lawrence Summers

ANALYSIS

 Bernanke's 
 PR Campaign 
 Strips Fed Mystique 

Fed chief considering press briefings as part of push for more open central bank

Apr 15, 09 6:53 AM CDT
(Newser) - Ben Bernanke is breaking from his predecessors at the Federal Reserve by giving the public a less obstructed view of the Fed's role in the big picture, the Wall Street Journal reports. Bernanke, thrust into the spotlight by the financial crisis, has ditched the man-behind-the-curtain mystique earlier chiefs reveled in... More »

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Ben Bernanke • Federal Reserve • central bank • financial crisis • Lawrence Summers

(Newser) - Top Obama economic adviser Lawrence Summers said today that measures to stabilize the economy will have a discernible effect in the next few months, the Hill reports. Loosening credit and an increased flow of inventory from manufacturers means the sense of “free-fall” will dissipate, though jobless numbers will continue... More »

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recession • economic stimulus package • Obama administration • President Obama • economic downturn • Lawrence Summers • TARP • National Economic Council • Economic Club of Washington • free fall

Summers Reaped Millions
From Bailout Recipients

Earned $2.7M in speakers fees last year

Apr 4, 09 7:25 AM CDT
(Newser) - Lawrence Summers, President Obama's top economic adviser, received hefty speaking fees last year from Wall Street giants that later got bailout cash, Bloomberg reports. Summers received a total of $2.7 million from firms like Goldman Sachs and Citigroup on top of the $5.2 million salary he got from... More »

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Wall Street • hedge fund • speech • financial disclosure • Lawrence Summers • National Economic Council

OPINION

 Give Summers' 
 Genius More Leeway 

To combat crisis, perhaps Obama's economic genius should be given free reign: Scheiber

Mar 16, 09 3:13 PM CDT
(Newser) - The most common worry over Larry Summers’ directorship of President Obama’s economics advisory council has been that his hard-charging intellectual style would alienate politicians the administration needs, writes Noam Scheiber in the New Republic. But considering Summers’ experience as Clinton’s Treasury Secretary, as well as his prescient 1991... More »

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Larry Summers • Obama administration • financial crisis • President Obama • Timothy Geithner • Lawrence Summers • recession depression • National Economic Council

TALK SHOW ROUNDUP

 Cheney: Obama 
 Making US Less Safe 

Former VP slams prez for quashing 'essential' Bush policies

Mar 15, 09 9:57 AM CDT
(Newser) - President Obama "is making some choices that will in fact raise the risk to the American people of an attack," former VP Dick Cheney charged today. Appearing relaxed and slimmer on CNN’s State of the Union, Cheney upbraided Obama for revising the Bush administration’s counterterrorism... More »

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Barack Obama • Dick Cheney • Lewis Scooter Libby • counterterrorism • bonuses • Barney Frank • Lawrence Summers

(Newser) - Larry Summers sounded a note of cautious optimism today about President Obama's stimulus plan, the Washington Post reports. While it's way too early to assess its "broader economic impact," Obama's chief economic adviser called it "moderately encouraging" that consumer spending appears to be back on track. More »

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Brookings Institution • credit crisis • fear • economic stimulus package • Larry Summers • greed • Obama administration • financial crisis • President Obama • Lawrence Summers

Obama Team Pushes for Global Stimulus, Euros Resist

Worldwide spending plan has fans in China, detractors in Europe

Mar 9, 09 8:30 AM CDT
(Newser) - The Obama administration will press for a global stimulus at next month's G20 conference in London, setting up a possible showdown with European nations wary of further deficits, reports the Wall Street Journal. US officials, supported by Britain and China, say that more public spending is needed to reverse the... More »

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economic stimulus package • Larry Summers • G20 • Obama administration • Lawrence Summers

ANALYSIS

 Two Voices, One Economic Plan 

Geithner and Summers speak loudly, cohesively, driving Obama's agenda

Mar 2, 09 8:20 AM CST
(Newser) - Among the policymaking din at the White House, the voices of Larry Summers and Tim Geithner have emerged as the loudest—and generally in unison, the Washington Post reports. The duo first teamed up to battle financial crises in Asia and Mexico in the mid-‘90s at the Treasury Department;... More »

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Barack Obama • Treasury Department • economic stimulus package • bailout • Obama administration • Timothy Geithner • Lawrence Summers • National Economic Council

Obama's Auto Team Drives Foreign Cars

Just 2 of task force's
8 members own domestic models

Feb 23, 09 2:49 PM CST
(Newser) - Detroit’s Big Three might be in worse trouble than they thought: Of the eight people on the Presidential Task Force on the Auto Industry, and the 10 policy aides assisting them, just two own cars built by American-owned manufacturers, the Detroit News reports. The co-chairs—Timothy Geithner and Lawrence... More »

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Chrysler • General Motors • Ford • Treasury Department • auto industry • hybrid car • Timothy Geithner • Lawrence Summers

talk show roundup

Transport Sec to Fellow GOPers: 
C'mon, Ride the Stimulus Train

But McCain wonders where bipartisanship is

Feb 8, 09 10:40 AM CST
(Newser) - Talk of the economic stimulus package dominated the morning shows today, with Transportation Secretary Ray LaHood, a Republican, promising on State of the Union that the stimulus bill won't come with any earmarks or "boondoggles," the Chicago Tribune reports. LaHood said that he had tried to get his... More »

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John McCain • Mike Pence • Barney Frank • John Ensign • economic stimulus package • bipartisanship • bailout • President Obama • Lawrence Summers • Ray LaHood

Wary of Image, Financial A-Listers Ditch Glitzy Davos

Top bankers, Obama advisers to skip Swiss summit

Jan 26, 09 8:01 AM CST
(Newser) - The swanky Davos economic summit was once a top destination for financial and economic power players, but many are skipping the glitz this year for fear of sending the wrong message in a tanking economic climate, Reuters reports. Treasury secretary-designate Timothy Geithner is sitting out the resort event, as are... More »

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Citigroup • Bank of America • CEO • Switzerland • Merrill Lynch • John Thain • Vikram Pandit • World Economic Forum • Davos • Timothy Geithner • Lawrence Summers

Dems Don't Like Obama Tax Cuts

Hill leaders doubt plan's stimulus power, say prez-elect trying too hard to woo GOP

Jan 9, 09 5:35 AM CST
(Newser) - Barack Obama's proposed tax cuts are opening a rift with his former congressional colleagues, the Hill reports. Democratic lawmakers are skeptical as to whether the cuts—which are 40% of the proposed stimulus package—will give the economy the necessary boost. Some think the president-elect is trying too hard to... More »

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Barack Obama • Congress • Harry Reid • tax cuts • economic stimulus package • economic plans • Obama administration • financial crisis • President Obama • Lawrence Summers

Obama Widens Goals, Now Wants 3M Jobs

Recovery plans grow as advisers predict
9% unemployment

Dec 20, 08 5:37 PM CST
(Newser) - Barack Obama is expanding his plans to reverse the nation’s financial crisis and will seek to create 3 million jobs in the next two years, up from the goal of 2.5 million he proposed last month, the New York Times reports. The new figure follows a meeting in... More »

MORE ABOUT:
Barack Obama • Congress • Martin Feldstein • economic stimulus package • economy • job • Lawrence Summers • Christina Romer

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