Summers withdraws from consideration to lead Fed, possibly opening door to Yellen Summers withdraws from consideration to lead Fed, possibly opening door to Yellen ADVERTISING WASHINGTON — Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as
Summers withdraws from consideration to lead Fed, possibly opening door to Yellen
WASHINGTON — Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from consideration, the White House said Sunday.
Summers’ withdrawal followed growing resistance from critics, including some members of the Senate committee that would need to back his nomination. His exit could open the door for his chief rival, Janet Yellen, the Fed’s vice chair. If chosen by President Barack Obama and confirmed by the Senate, Yellen would become the first woman to lead the Fed.
In the past, Obama has mentioned only one other candidate as possibly being under consideration: Donald Kohn, a former Fed vice chair. But Kohn, 70, has been considered a long shot.
The administration also reached out to former Treasury Secretary Timothy Geithner early in the process. Geithner said he was not interested in being considered.
Obama is expected to announce a nominee for the Fed chairmanship as early as this month. Bernanke’s term ends Jan. 31, 2014.
Police officer faces manslaughter charge
in unarmed man’s death
CHARLOTTE, N.C. — The deadly encounter was set in motion when a former college football player survived a wreck and went searching for help in the middle of the night. A frightened woman heard him pounding and opened her front door, then called police. Officers found the unarmed man, and one shot him when a Taser failed to stop him from approaching.
Within hours, investigators determined that the shooting had been excessive and charged Charlotte-Mecklenburg police officer Randall Kerrick with voluntary manslaughter in the death of former Florida A&M University football player Jonathan A. Ferrell.
Ferrell, 24, played for Florida A&M in 2009 and 2010, school officials said Sunday. He had recently moved to North Carolina.
Early Saturday, he had apparently been in a wreck and was seeking help at a nearby house, according to a statement from Charlotte-Mecklenburg police. A woman answered the door and, when she didn’t recognize the man, called 911.
Prayers, songs and lessons as Alabama church marks 50th anniversary of bombing
BIRMINGHAM, Ala. — Hundreds of people black and white, many holding hands, filled an Alabama church that was bombed by the Ku Klux Klan 50 years ago Sunday to mark the anniversary of the blast that killed four little girls and became a landmark moment in the civil rights struggle.
The Rev. Arthur Price taught the same Sunday school lesson that members of 16th Street Baptist Church heard the morning of the bombing — “A Love That Forgives.” Then, the rusty old church bell was tolled four times as the girls’ names were read.
Bombing survivor Sarah Collins Rudolph, who lost her right eye and sister Addie Mae Collins in the blast, stood by as members laid a wreath at the spot where the dynamite device was placed along an outside wall.
Rudolph was 12 at the time, and her family left the church after the bombing. She said it was important to return in memory of her sister, who was 14, and the three other girls who died: Carole Robertson and Cynthia Wesley Morris, both 14, and Denise McNair, 11.
“God spared me to live and tell just what happened on that day,” said Rudolph, who testified against the Klansmen convicted years later in the bombing.
By wire sources
