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Summers to stay in White House post two weeks longer than planned

From Erika Dimmler and Xuan Thai, CNN
Larry Summers will remain in his post as director of the National Economic Council until the end of the year.
Larry Summers will remain in his post as director of the National Economic Council until the end of the year.
STORY HIGHLIGHTS
  • A source says Larry Summers will stay until the end of the year
  • Summers previously said he would step down on December 17
  • Summers is the top economic adviser to President Obama

Washington (CNN) -- Larry Summers has agreed to work two weeks longer than planned as President Barack Obama's top economic adviser, a White House official said Wednesday.

Summers, who officially announced in September he planned to step down as director of the National Economic Council, had previously said his last day would be December 17.

"President Obama has asked Larry Summers to remain at the White House as NEC Director until the end of the year," the White House official said on condition of not being identified by name. "Dr. Summers has agreed to continue to serve through December 31st."

Obama has yet to name his replacement, but investment banker Roger Altman was widely believed to be the top contender.

 
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