17.09.2013 - 06:57 [ New York Times ]

Summers Seen as Costly in Political Terms

That spotty phone call — reflecting the revolt of a number of prominent Democrats, many of them from the liberal wing of the party, but not limited to it — helped to seal Mr. Summers’s fate. Not even an official nominee yet, Mr. Summers, a former Treasury secretary under President Bill Clinton and a key architect of Mr. Obama’s economic stimulus program, faced long odds in winning Senate confirmation.