Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.

WASHINGTON - APRIL 09: Lawrence Summers, Director of President Barack Obama's National Economic Council, participates in a question-and-answer session during a luncheon with the Economic Club of Washington at the J.W. Marriott April 9, 2009 in Washington, DC. Summers spoke to the club about the current state of the nation's economy and the Obama administration's efforts to address the crisis. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON - APRIL 09: Lawrence Summers, Director of President Barack Obama's National Economic Council, participates in a question-and-answer session during a luncheon with the Economic Club of Washington at the J.W. Marriott April 9, 2009 in Washington, DC. Summers spoke to the club about the current state of the nation's economy and the Obama administration's efforts to address the crisis. (Photo by Chip Somodevilla/Getty Images)

    JUST WATCHED

    Summers withdraws for head of the Fed

MUST WATCH

Summers withdraws for head of the Fed

Former Treasury Secretary Larry Summers is no longer a candidate for Federal Reserve chairman.

Summers withdraws for head of the Fed

Former Treasury Secretary Larry Summers is no longer a candidate for Federal Reserve chairman.