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DailyFinance is the media partner for Lawrence Summers' talk on the state of the American economy at the National Constitution Center on Thursday, May 27. DailyFinance readers can suggest questions for Mr. Summers before the talk in the comments section below, and see the event by live stream at 6:30 pm on Thursday.Lawrence Summers, Director of the White House's National Economic Council, will bring his case for the "son of the stimulus" to the National Constitution Center in Philadelphia Thursday evening. The question is whether members of Congress worried about the critical midterm Congressional elections will have to stomach for...

Large swaths of economics are going to have to be rethought on the basis of what's happened." So said Larry Summers, President Obama's chief economic adviser, in an interview in the weeks after the markets crashed a year ago. Yet to a remarkable degree, economic thinking hasn't changed very much at all. (Click here to follow Michael Hirsh). Now financier George Soros is announcing a $50 million effort to speed things along. This week Soros is gathering some of the leading practitioners of the market-skeptic school, who were marginalized during the era of "free-market fundamentalism," among them Nobelists Joseph Stiglitz,...

The U.S. economy is firmly poised for a recovery from its deep recession but growth may be moderate and the job market will not revive immediately, senior White House aide Lawrence Summers predicted on Wednesday. "There's really no doubt that the third quarter registered growth, and growth at a nontrivial rate, and every expectation that the fourth quarter will do the same," Summers said in an interview as part of the Reuters Washington Summit. Summers, who heads the White House's National Economic Council, also gave strong backing to the beleaguered U.S. dollar, which has fallen to a 14-month low against...