Here's this breaking news story, which is not yet confirmed by other outlets, from the Hotline On Call:
Christina Romer, chairwoman of Pres. Obama's Council of Economic Advisers, has decided to resign, according to a source familiar with her plans.
Romer, an economics professor at the University of California (Berkeley) before taking the key admin post, did not respond to repeated calls to her office.
"She has been frustrated," a source with insight into the WH economics team said. "She doesn't feel that she has a direct line to the president. She would be giving different advice than Larry Summers [director of the National Economic Council], who does have a direct line to the president."
If this story is indeed true, then I am sorry to hear that Christina Romer will be leaving her position as President Obama's chief economic adviser. He needs her, and I think her resignation is ill-advised, and only leaves the entire economic agenda up to the likes of Larry Summers and Timothy Geithner. I will update this diary if there are more forthcoming details about this breaking news story.
UPDATE: This comment thread below may be why Christina Romer possibly resigned from her position.
UPDATE 2: This is being reported on MSNBC as well.
UPDATE 3: h/t to joanneleon--this is officially confirmed by the New York Times, with a statement from the WH:
"Christy Romer has provided extraordinary service to me and our country during a time of economic crisis and recovery," the President said. "The challenges we faced demanded more of Christy than any of her predecessors, and I greatly valued and appreciated her skill, commitment and wise counsel."
UPDATE 4: Here's more from the WSJ:
The post, she said in an interview Thursday, "was definitely as hard as I thought it ever would have been."
"I never anticipated the amount of the contact I'd have with the president," she added. "If anyone had told me that I'd meet the president of the free world every day, I never would have believed it."
....
In internal White House circles, Ms. Romer occasionally clashed with Lawrence Summers, the Obama adviser and former Harvard University president and Treasury secretary. But on Thursday, she said, "If anyone had told me that I'd come to view Larry Summers as one of my dearest friends, I never would have believed it. But I do."
Ms. Romer has been mentioned as a possible successor to Janet Yellen as president of the Federal Reserve Bank of San Francisco. Ms. Yellen has been nominated to be vice chairman of the Federal Reserve Board in Washington.