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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: National Economic Council

National Economic Council stories: 8 news summaries

(Newser) - The White House’s National Economic Council will meet today to discuss a drastic overhaul of beleaguered nationalized mortgage dealers Fannie Mae and Freddie Mac, the Washington Post reports. Among other proposals, officials are contemplating a “good bank, bad bank” split. Fannie and Freddie would dump their troubled... More »

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mortgage • Freddie Mac • Fannie Mae • Treasury Department • financial crisis • bad bank • National Economic Council

(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

Everybody Hates Larry

Presence of divisive Summers cranks up tensions on Obama's economic team

Jun 8, 09 7:58 AM CDT
(Newser) - On his 54th birthday, Tim Geithner brought Larry Summers a cake, and the guest of honor ad-libbed some lyrics, bellowing, “for he’s an unpleasant fellow,” rather than “for he’s a jolly good fellow.” In the months since, his colleagues have wondered if he was... More »

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Larry Summers • economic adviser • Obama administration • Timothy Geithner • National Economic Council

(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

(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

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

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