Obama Will Need To Rename The New Economic Adviser In January

President Barack Obama will probably announce the replacement for the chief economic adviser Lawrence Summers, in mid-January, a White House spokesman, Robert Gibbs, said on Sunday.

Gibbs, appearing on NNews's "State of the Union" program, also said there were no expectations of any significant change in Obama's cabinet.

Summers announced his resignation, the director of the National Economic Council in September, but continued to work.

"I think the president will make an announcement about a new director of NEC probably the first week or two weeks after Congress returns to session," said Gibbs.

The members of the new Congress, which is the Republican majority in the House of Representatives and the small Democratic majority in the Senate, was sworn in January 5.

Summers, who served as finance minister by President Bill Clinton and former president of Harvard University, was known for his outspoken style, and was seen by some liberal Democrats as too close to Wall Street.
When Summers's resignation was announced, Obama has hired to help guide the economy "from the depths of the worst recession since the 1930s to sustainable growth."

Treasury Secretary Timothy Geithner is the only original member of Obama's economic team remains in his original work.

Gibbs told NNews he did not expect a major overhaul of staff to Obama.

"No I sincerely hope big changes," he said. "I think it was a very competent company and quality that has helped advance the agenda of the President before."

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