Larry Summers, former Treasury Secretary under the Clinton Administration and White House economic advisor under President Obama, will co-chair a new think tank project housed at the
Center for American Progress (CAP) aimed at supporting President Obama's second-term goal of reviving the economy by rebuilding the middle class,
reports the Washington Post. Here is more:
The Growth and Competitiveness project will be housed at the progressive Center for American Progress, where Summers will also serve as a “distinguished senior fellow,” the center plans to announce Monday.
Summers’s co-chair will be David Miliband, a British Labor Party politician and member of Parliament and former British foreign secretary.
Summers’s appointment adds intellectual heft to the center’s ongoing efforts to provide a counterweight to Republican supply-side economic theory, which has animated the GOP for nearly four decades.
Here is the official announcement from CAP.
