Economic Council chief leaving for Harvard

The White House said Lawrence Summers, director of the National Economic Council, will leave the administration and return to Harvard University at the end of the year.

Summers, chief adviser to President Barack Obama on the development and implementation of economic policy, previously served as Treasury secretary during the Clinton administration.

“I will always be grateful that at a time of great peril for our country a man of Larry’s brilliance, experience and judgment was willing to answer the call and lead our economic team,” Obama said in a statement issued by the White House. “Over the past two years, he has helped guide us from the depths of the worst recession since the 1930s.”

Read tomorrow's Arkansas Democrat-Gazette for full details.

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