Larry Summers Will Have Time to Catch Up on Sleep After the Election

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Photo: Chip Somodevilla/Getty Images

Confirming President Obama's hints that he would shake up his economic team after the election — it might help if he did this before the Democrats get their asses handed to them by voters angry about the sputtering economy, but okay — comes word that Larry Summers, the perennially sleep-deprived and disgruntled head of the National Economic Council, will step down after the vote in November. [Bloomberg]