Congressional Democrats clash with Obama over Larry Summers

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Wednesday, July 31, 2013

 

Washington Post: Some congressional Democrats expressed opposition to former treasury secretary Lawrence Summers replacing Ben Bernanke as Federal Reserve chairman prompting President Obama to defend him.

In a tense exchange with Rep. Ed Perlmutter (D-Colo.) during a closed-door meeting with House Democrats, Obama defended Summers’ role in helping to restore the U.S. economy and “expressed frustration” with a growing negative campaign against him, according to one lawmaker who was present.

Obama also said he “was not even close to making a decision” on who might replace Bernanke, the lawmaker said.

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