Larry Summers’ Federal Reserve Job Sunk By Liberal-Populist Coalition, Deep-Pocket Donors

Ryan Grimm writes for The Huffington Post: “Meanwhile, a coalition of progressive groups — which included UltraViolet and the National Organization for Women, two powerful women’s groups — teamed with the big donors and grassroots advocacy groups to pressure Banking Committee members and other Senate Democrats. Heitkamp and Sen. Joe Manchin (D-W.Va.) were top targets of the Summers opponents, who were planning to continue a blitz of pressure on Monday. The donors, who were mostly women, had concerns that ranged from populist to feminist.”