The President’s economic team

Larry Summers (R), an economic advisor to U.S. President Barack Obama, and Treasury Secretary Tim Geithner attend the announcement of the President's Economic Recovery Advisory Board in the East Room of the White House in Washington, in this February 6, 2009 file photo. Blunt, brash, brainy and occasionally self-mocking. Larry Summers, the White House economic adviser, is all of these things. In a career spanning academia, government and finance, he has rubbed some people the wrong way and infuriated others. To match SPECIAL REPORT - SUMMERS   REUTERS/Jim Young/Files  (UNITED STATES - Tags: POLITICS BUSINESS HEADSHOT)

Here’s an excellent article on how the White House economic team is organized. When you read about the President’s economic advisers, this article can help you understand how they all work together. It can also help you understand how different personalities work together, from Christina Romer to Larry Summers to Tim Geithner.

Thanks to Ezra Klein for the link. Ezra also has a great post on how Larry Summers might now be the ideal candidate to run the National Economic Council, given the nature of his personality.


Christina Romer leaves the Obama administration

Vice President Joe Biden and Chair of the Council of Economic Advisers Christina Romer unveil the Council of Economic Advisers latest quarterly report on the economic impact of the Recovery Act in the Eisenhower Executive Office Building adjacent to the White House in Washington on July 14, 2010.  UPI/Roger L. Wollenberg Photo via Newscom

Christina Romer is leaving the Obama administration.

Romer, who chairs the Council of Economic Advisers, announced Thursday night that she is returning to her previous job as economics professor at the University of California at Berkeley.

Her resignation follows that of budget director Peter Orszag.

In a statement, Romer called the her White House service the “honor of a lifetime.”

It will be interesting to see whether we’ll see any policy changes. Romer is an expert in the Great Depression and was instrumental in the stimulus package. In many ways she has served her purpose, and now the administration can shift to sustained growth as opposed to the crisis management of the past 18 months.


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