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January 19, 2012

Report: Obama Considering Summers for World Bank Helm 
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President Obama is reportedly considering nominating his former top
economic adviser, Lawrence Summers, to head the World Bank. Bloomberg
News reports Summers has expressed interest in replacing Robert Zoellick
when Zoellick's term expires next year. Summers resigned as director of
the White House National Economic Council in 2010. His key role under
President Obama drew controversy because of Summers's close ties to Wall
Street and his backing of deregulatory polices during his previous White
House stint with the Clinton administration.



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