On Air Now

Now Playing

Kiss Gold Album Cover Beth by KISS
Our Playlist »

Listen

Listen Live Now » 92.9 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
32° Feels Like: 27°
Wind: SE 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 60°

Tonight

Mostly Clear 36°

Tomorrow

Partly Cloudy 73°

Alerts

Wall St Journal: Summers withdraws from consideration as Treasury Secretary

by
Former U.S. Treasury Secretary Lawrence H. "Larry" Summers speaks during a financial and economic event at the London School of Economics (L
Former U.S. Treasury Secretary Lawrence H. "Larry" Summers speaks during a financial and economic event at the London School of Economics (L

UNDATED (Reuters)  Lawrence Summers, a former top economic aide to President Barack Obama and a Treasury secretary under President Bill Clinton, has withdrawn from consideration to succeed Ben Bernanke as Federal Reserve chairman, the Wall Street Journal reported on Sunday.

"I have reluctantly concluded 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," Summers said in a letter to Obama that followed a phone call to the president, the newspaper reported.

(Reporting by Mark Felsenthal; Editing by Eric Beech)

Comments