Obama defends Summers on 2009 economic stimulus
WASHINGTON (REUTERS) - US President Barack Obama pushed back on Wednesday against critics who complain that his former top economic adviser, Dr Lawrence Summers, was not aggressive enough in seeking more economic stimulus funds than Congress ultimately approved in 2009.
House of Representatives Democrats left a closed-door meeting with Mr Obama saying the president defended the size of his administration's nearly US$800 billion (S$1 trillion) stimulus law and said it was all he could get from Congress at the time.
Dr Summers and Federal Reserve Board Vice-Chairwoman Janet Yellen are seen as Mr Obama's leading candidates to replace Fed Chairman Ben Bernanke when his term ends next January.
At the closed-door meeting, Mr Obama said that he had not made any decisions on his choice of Mr Bernanke's replacement, according to a number of House Democrats.