April 26, 2015
WASHINGTON (AP) - President Barack Obama says he has accepted Lawrence Summers' decision to withdraw from consideration for the role of Chairman of the Federal Reserve.
Obama says Summers was a critical member of his economic team and says he is grateful for his service on behalf of the country.
Summers was the leading candidate to replace current Fed Chairman Ben Bernanke but faced opposition from some Democrats.
Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.