And some Republicans are concerned that Summers is more liberal than his centrist, market-oriented boss. The styles between the two men is a study in contrasts as well. In recent months, Rubin and other top administration officials have worked hard to build Summers' public image. And the outgoing Treasury head has already called some GOP senators in support of Summers' nomination. At Treasury, we will have a new secretary, subject to the will of the Senate, who is one of the truly outstanding people that I have known in my life.
Summers comes from academia.
He was Nathaniel Ropes Professor of Political Economy at Harvard University from 1987 until 1993. He was named a professor of economics at Harvard in 1983, the youngest tenured professor in the University's history at age 28. Summers joined the Clinton Administration in 1993 as the Treasury undersecretary for international affairs after serving at the World Bank as the vice president of development economics and chief economist. Eizenstat nominated for No. 2 slot If his nomination is approved, Summers' vacant post would be filled Stuart Eizenstat, a senior State Department official who was a top adviser to President Jimmy Carter. The great American job-machine is the envy of the entire world.