Topic: Lawrence Summers

Greenspan, Summers, and why the economy is so out of whack

Former Fed Chairman Alan Greenspan and Larry Summers, director of the National Economic Council, bear much of the responsibility for the conditions that lead to the financial crisis.

Desiree Rogers leaves the Obama White House: Who's next?

Now that White House social secretary Desiree Rogers is leaving, critics say it's time for Obama to shake up the White House even more – starting with the inner core from Chicago.

US vs. China: a dangerous phase has begun

China is a formidable adversary whose ultimate strength is not its military hardware but its economic prowess, and whose diplomatic weapon is not saber rattling but great patience.

The Value of Nothing

Activist and academic Raj Patel offers a stinging indictment of capitalism.

Opinion: Massachusetts election could save Democrats from themselves

Democrats must use this moment to recommit themselves to the progressive agenda that got President Obama elected.

Rising China shrugs off outside opinion

Foreign countries slammed China for its harsh sentencing of a top dissident on Christmas Day and its execution of a mentally ill Briton convicted of drug smuggling, but the juggernaut appears impervious to criticism.

The Monitor's View: Obama and 'fat cat' bankers. It’s about more than lending.

He isn’t fighting Wall Street as much as lawmakers who take campaign money from the financial industry. To win passage of reforms for the industry, the president needs to take on Democrats with sticky fingers and who ignore Main Street.

ECONOMIC SCENE: Is a currency transactions tax an answer to national budget woes?

A 'Tobin Tax' would add a tiny premium to foreign currency trades — with perhaps $1 trillion in benefits.

Bank of America's Ken Lewis takes pay cut, but no one follows

Although CEO Ken Lewis agrees to a $0 pay package, don't expect a wholesale revolution in executive compensation on Wall Street.

A tougher stance on tax havens

Wednesday's US-Swiss deal is the latest step in an international crackdown on tax evaders.

Ooops, Summer and Geithner forget Obama said no tax hikes

Gibbs closes the door on tax hikes

Bernanke defends bailouts – and himself

The Fed chairman, who is all over the TV news shows this week, may be angling for reappointment in January.

US stocks enjoy biggest weekly rise since March

Take My Wife - Obama’s standup at Radio and TV correspondents dinner

Obama team pushes its reform plan for financial regulation

Can Obama's financial reforms address today's mess?

Summers: Obama doesn't want to sell cars

ECONOMIC SCENE: Why does healthcare reform founder?

Cutting costs would mean trimming pay for too many professionals.

Obama lampoons Biden, teleprompters and staff at big dinner

Obama discusses credit cards and puts staff to sleep

Buried by credit-card fees? Washington is on it.

Obama is to meet this week with banks about card-holder complaints. Congress is weighing a 'bill of rights' for borrowers.

Humble Obama unites Latin leaders

His cooperative tone helped some leaders begin to move beyond historical grudges against the US.

Protesters turn Lawrence Summers' economy lunch into Jerry Springer show

For the Obama economic team, talk isn’t cheap