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  • Guide to the Administration
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    Robert E. Rubin
    (By Bill O'Leary
    for The Washington Post)
    Lawrence Summers
    Treasury Secretary

    Contact Information
    Background from The Post

    President Clinton announced May 12 that Lawrence Summers would be nominated to succeed Robert Rubin as Treasury Secretary, giving the 44-year-old ex-Harvard University economist a job he had long wanted, in the midst of a vibrant economy. Summers had established himself as the intellectual powerhouse of the Clinton administration's economic team by the time he came to the position. He spent most of his career in policy making and academia, and many on Wall Street are waiting to see if Summers' political savvy will offset his lack of financial world experience. With a reputation as insensitive and insecure, Summers is making a determined effort to improve his 'people skills.'

    Sworn in: July 2, 1999 (nominated June 22, 1999, confirmed July 2, 1999)

    Succeeded: Robert E. Rubin

    Previous occupation: Deputy secretary of the Treasury, 1995-99; under secretary of the Treasury for International Affairs, 1993-95; vice president of development economics and chief economist of the World Bank, 1991-93; professor of economics at Harvard University, 1983-93; domestic policy economist, Presidents Council of Economic Advisers, 1982-83; member, economics faculty of Massachusetts Institute of Technology, 1979-82.

    Education: Massachusetts Institute of Technology (B.S.), 1975; Harvard University, 1982 (Ph.D.)

    Hometown: New Haven, Conn.

    Date of Birth: 1954

    Spouse: Victoria Summers, a tax attorney.

    Children: Twin daughters and a son.

    Of note: Summers was Harvard University's youngest tenured professor ever at age 28.

    Department of the Treasury
    1500 Pennsylvania Ave. NW
    Washington, D.C. 20220
    (202) 622-2000
    FAX: (202) 622-2808
    http://www.ustreas.gov/

    Background from The Post

    Summers May Face Tough Queries
    June 17, 1999
    Senate Plans Hearing on Summers
    June 10, 1999
    Senator Threatens to Delay Summers' Nomination
    June 8, 1999
    Threat to Block Summers Dents Dollar
    May 26, 1999
    Summers Approval Could Hit Roadblock
    May 25, 1999
    Summers a Key Player in Global Economy
    May 13, 1999
    Treasury Secretary Rubin Resigns
    May 12, 1999
    Larry Summers Smooths the Rough Edges
    March 14, 1999
    Summers Slams Estate Tax Rollback Effort
    March 14, 1999
    Summers Apologizes For Calling Tax Foes 'Selfish'
    March 14, 1999

    © Copyright 1998 The Washington Post Company

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