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>> HEIDI HEITKAMP Latest News

SEP 16, 2013 - Huffington Post

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Larry Summers' Federal Reserve Job Sunk By Liberal-Populist Coalition, Deep-Pocket Donors

WASHINGTON -- A progressive-populist coalition fueled by women's groups and high-end donors was responsible for undoing President Barack Obama's bid to install Larry Summers as the next chairman of the Federal Reserve. On Friday, Sen. Jeff Merkley (D-Ore.) told the White House, Senate Majority Leader Harry Reid (D-Nev.) and the Senate Banking Committee chairman that at least five Democrats would vote against Summers in committee, according to a Democratic aide who was involved in the intra-party brawl. Summers withdrew his name from consideration on Sunday. The five opposing senators ... Read More

Tags: Larry Summers' Federal Reserve Job Sunk By Liberal-Populist Coalition, Deep-Pocket Donors,  Heidi Heitkamp Latest News