It’s not a local story, but it affects us all. The president’s economic team is changing.
Lawrence Summers, the economist who helped design and secure President Barack Obama’s top economic policy priorities, will return to Harvard University at the end of the year, the Wall Street Journal reports.
Summers will be the third top economic official to leave the administration, following the president’s first budget chief and his first Council of Economic Advisers chairman.
Two people familiar with the matter said the president is considering a senior corporate executive as a successor to lead the National Economic Council, the WSJ reports. That would answer criticism that the Obama administration lacks private-sector experience and is aloof from corporate America.
Former Xerox Corp. chief executive Anne Mulcahy quickly emerged as a leading candidate to replace Summers, though White House officials caution that no decisions have been made yet, the WSJ writes.
In the AJC: