Former treasury secretary Larry Summers warned Thursday that the U.S. will 'more likely than not' experience a recession in the next 18 months.
Former Treasury Secretary and Obama White House economic advisor Larry Summers predicted that there will "more likely than not" be a recession for America within 18 months.within the next 18 months during an appearance on CNN's"The Situation Room with Wolf Blitzer Thursday.
Larry Summers, director of President Barack Obama's National Economic Council, delivers a keynote address at the Future of Global Finance conference at Georgetown University's McDonough School of Business in Washington, September 18, 2009. "That means Senator Manchin's permitting policies, whether its permitting pipelines or permitting more natural gas production, or permitting more electricity transmission, need to move as rapidly as posissible," Summers said.
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