Reporting from Washington — President Obama's chief economic advisor, former Treasury Secretary Lawrence H. Summers, defended the administration's massive program for fighting the recession, saying it was on track and beginning to show results despite continuing bad news on unemployment.
"If we were at the brink of catastrophe at the beginning of the year, we have walked some substantial distance back from the abyss," Summers said Friday in remarks at the Peterson Institute for International Economics, a Washington think tank.
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