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.
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