Update #2: Paul Krugman on Summers Gone. Headline: "Freedom's just another word for nothing to lose." By Janis Jobloss?
Update: Wall St. Journal has details. Summers in letter to Obama: "I have reluctantly concluded that any possible confirmation process for
me would be acrimonious and would not serve the interest of the Federal
Reserve, the Administration or, ultimately, the interests of the
nation's ongoing economic recovery."
Earlier: NYT breaking news headline with no details yet. "Lawrence H. Summers Withdraws Name for Job of Federal Reserve Chairman"
Wonder if he was caught fooling around online or something. I'll update in a few minutes right here.