More NEC/Treasury Speculation
Stan is right that OMB Director Peter Orszag isn't going anywhere anytime soon. The more interesting question to me is if Larry Summers leaves the National Economic Council will the White House use his position to groom a successor to Treasury Secretary Tim Geithner?
Keep in mind that one reason for creation of the NEC in the first place was to give Bob Rubin someplace nice to hang his hat while waiting for Lloyd Bentsen to move on after being given Treasury to protect Bill Clinton's right flank. Keep in mind also that Geithner is widely viewed as being under Larry's protection. Without that it is quite possible that Tim would be gone already, given the generally poor grades he has gotten from across the political spectrum. Finally, remember that the appointment as NEC director does not require Senate confirmation, which may be an attractive quality in this political environment.
Someone like Roger Altman, former deputy Treasury secretary, might be a good replacement for Larry and, eventually, Tim. Knowing how badly Roger would like to be Treasury secretary, I'd start packing my bags if I were Tim and Roger became my de facto White House boss.
I think Jon Corzine may also have aspirations for being Treasury secretary, but considering how badly his term as governor of New Jersey went I suspect that considerable time will need to pass before he is politically viable again.
Jonathan Bernstein disagrees with my lack of enthusiasm for the NEC.