Top national economic adviser leaving - KWWL - Eastern Iowa Breaking News, Weather, Closings

Top national economic adviser leaving


WASHINGTON (AP) -- President Barack Obama's top economic adviser plans to leave the administration at the end of the year.

The White House says that Lawrence Summers will leave his post as director of the National Economic Council to return to Harvard University.

Summers' departure comes amid a sluggish economic recovery that has seen unemployment hover near 10 percent. He would be the third high-level member of the Obama economic team to leave this year, following the resignations of budget director Peter Orszag and Christina Romer, head of the Council of Economic Advisers.

Powered by Frankly