Slow US recovery blamed on low demand

NEWS SEARCH ANALYSIS INSIGHT

Tuesday, February 09, 2010 4:03 PM

Published 10/13/2009 by FT Alphaville

Slow US recovery blamed on low demand

Weak demand from battered consumers will be a "major constraint" on the US economy for the foreseeable future, key White House adviser Lawrence Summers said on Monday. Mr Summers, the director of the National Economic Council, has been banging the drum for the $787bn stimulus package in the face of Republican...

READ FULL ARTICLE

Share this

There are no more reports on this story yet.

Related Stories

First Reported 10/12/2009 - Updated 10/12/2009 - 2 Documents

Lawrence Summers

Summers Letter Defends Stimulus

The following is the full text of a letter sent to House Minority Leader John Boehner (R., Ohio) from National Economic Council Director Lawrence Summers: President Obama appreciated receiving your letter regarding our nations economy and wanted to ... [WSJ.com: Real Time Economics - 10/12/2009]

Entities: Lawrence Summers, Taxes, Small Businesses

Blogs

sort by: Date \| Relevance
Banks must yield to tighter regulation: Summers... [M0 - 10/16/2009] Reuters - All financial firms have benefited from U.S. taxpayer support and must yield to efforts to tighten regulation to prevent a future crisis, White House economic ...
Larry Summers Warns About The US Cleavage Issue [Dealbreaker - 10/13/2009] Caffeine can be a powerful stimulant. It can heighten your awareness and sharpen your concentration. So expectations were probably pretty high when the President's ...
Larry Summers Reveals Full List Of Institutions... [Dealbreaker - 10/19/2009] Given the breadth and depth of bailouts last September, it should come as no surprise that some of the conditions of the rescue packages were unclear to both parties. ...
Summers: Big Finance vs. The Middle Class [WSJ.com: Real Time Economics - 10/15/2009] Larry Summers may have been a friend to big finance in the late Clinton years and did pick up some hefty paychecks from D. E. Shaw before returning to Washington, ...
When Keeping Quiet May Be Just the Right Thing ... [The Caucus - 10/19/2009] Punished in the past for candor, Lawrence H. Summers, the director of the National Economic Council, defers questions to others on sensitive matters. ...

Advanced Search Options

Slow US recovery blamed on low demand