Top Obama adviser quits to take up role at Harvard

WHITE House economic adviser Larry Summers has announced plans to leave his job by the end of the year, marking a major staff shake-up as President Barack Obama struggles to get the economy back on track.

Summers said in a statement released by the White House that he was looking forward to returning to his teaching job at Harvard University and Obama said he would continue to seek Summers’' counsel on an informal basis.

A former Treasury secretary known for his outspokenness, Summers brought years of experience in economic policymaking to his job as director of the White House National Economic Council.