Financial bailout chief announces resignation
Herb Allison, the head of the government's $700 billion financial bailout program, announced on Wednesday that he would resign.
Allison said in a letter to his colleagues in the Treasury Department's Office of Financial Stability that they had accomplished a great deal.
Lawrence Summers to leave economic council, return to Harvard
President Obama's top economic adviser, Lawrence H. Summers, will step down as director of the National Economic Council after the November elections and return to a teaching post at Harvard University, the White House announced Tuesday.
The departure of Summers, 55, will complete the turnover of three of Obama's four top economic advisers as the administration struggles with the political fallout of a stubbornly weak economy.
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