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September 24, 2021

White House adviser Summers stepping down

Brilliant but blunt-spoken White House economic adviser Larry Summers said on Tuesday he will leave his job, marking a major staff shake-up for President Barack Obama as he faces growing pressure to revive the sluggish economy. Those close to Obama said the president relied heavily on Summers’ advice during the depths of the 2008-2009 financial crisis. But Summers has been criticized by some liberal Democrats as too close to Wall Street.

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