In March 2009, a newly sworn-in President Barack Obama faced a choice that split his advisers as they tried to stanch a hemorrhaging economy: Should he bail out Chrysler or let the automaker die?
A lot of public discussion takes place before the president nominates a new Federal Reserve Board chairman. This time, that discussion has gotten unusually heated.
"Just because we have 5 percent growth does not mean we are out of the woods."
- Lawrence Summers on Jan 04, 2015
Dean Baker Sees Tough Path to Fed for Summers