Summers Withdraws from Fed Chair Race; Hey, Remember the Financial C...

Receiving Wide Coverage ...

Summers Withdraws: Big news broke over the weekend when Lawrence Summers, one of the two top candidates, took his name out of consideration for the Federal Reserve chairman spot, writing in a letter to President Barack Obama "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." (Full text of...