The Corner

Breaking: Summers to Leave White House After Elections

Bloomberg News reports from multiple sources that Lawrence Summers, director of President Obama’s National Economic Council, is expected to leave his job in November:

His departure would leave Treasury Secretary Timothy Geithner as the only member of President Barack Obama’s original top-tier economic team. Summers, 55, and the president have discussed his future plans, according to one person.

Administration officials are weighing whether to put a prominent corporate executive in the NEC director’s job to counter criticism that the administration is anti-business, one person familiar with White House discussions said. White House aides are also eager to name a woman to serve in a high-level position, two people said. They also are concerned about finding someone with Summers’ experience and stature, one person said.

The people familiar with White House discussions spoke on condition of anonymity because no decisions have been made.

Full story here.

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