Larry Summers has pulled out of the running to be the next head of the Federal Reserve. The former treasury secretary and Harvard president was said to be the leading candidate for the position to replace Ben Bernanke. So why did Summers withdraw? Joining Ross Reynolds with the latest on what’s going on in the other Washington – and what’s at stake for the country – is Annie Lowrey. She's covering the story of the next Federal Reserve chief for the New York Times.
Produced by David Hyde.