Newly released files on former Treasury Secretary Larry Summers' ties to Jeffrey Epstein prompted the president emeritus and professor at Harvard University to announce Monday he's "stepping back from public commitments."

The big picture: Both Democrats and Republicans have called on organizations to sever ties with Summers after documents released by the House Oversight Committee showed email exchanges between the former Treasury secretary and sex offender Epstein — including one where the late financier called himself Summers' "wing man."

Driving the news:

What he's saying: "I am deeply ashamed of my actions and recognize the pain they have caused," Summers said in a statement shared with outlets including Axios. The Financial Times first reported the news. • "I take full responsibi

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