Summers Says Most Bank Trauma Over, More Worried About Debt Limit
- Former Treasury chief highlights short time left on debt limit
- Summers says issues do remain with some banking institutions
Larry Summers
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Former Treasury Secretary Lawrence Summers said he was less worried about continuing turmoil in the US banking sector than he is about the partisan impasse in Washington over raising the federal debt limit.
“We are probably over the vast majority of the banking traumas,” Summers said in an interview with Bloomberg Television’s David Westin. “I’m not highly alarmed by what’s happening in the banking sector.”