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This is the cbs evening news glor good evening, everyone, i am jeff glor with a west coast ed kiss of the broadcast, the next leader of the Federal Reserve will help answer some big questions, chief among them, when will the government stop pumping billions into the u. S. Economy . We now know the person with the answers will not be the man many expected, Larry Summers has withdrawn his name from consideration. Tonight, we begin with bill plante. As chair of the National Economic counsel at the beginning of the president s first term Lawrence Summers was widely believed to be obamas first choice for the Federal Reserve job. But critics faulted summers for an overbearing attitude, bad decisions on the economy, and sensitivity to women, today, in a letter to mr. Obama he said reluctantly i have concluded any possible affirmation process for me would be acrimonious and would not serve the interests of the Federal Reserve, the administration or ultimately the interests to nations ongoing e

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