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Sunday September 15 2013

BREAKING NEWS

Summers withdraws from Fed race

Lawrence Summers has taken himself out of the running to be the next chair of the Federal Reserve, withdrawing his name after opposition from key Democratic senators indicated they would oppose his nomination.

Mr Summers, a former Treasury Secretary and senior economic adviser to Barack Obama in his first term, galvanised opposition among left-of-centre Democrats who painted him as symbol of the wrongs of financial deregulation.

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A major blow to a friend. Lest BO takes him to replace JL.
Now he'll probably be free in the next few days. EB

Sent from my iPad

yes the good side is now he is free to have fun and a life. LIsa the wife is very happy as she did not want to live in two cities. tell you more when i see you

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