Lawrence Summers pulls name from Fed chairman consideration

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Lawrence Summers pulls name from Fed chairman consideration

by CBSTV Videos 1:23 mins

Lawrence Summers pulls name from Fed chairman consideration

by CBSTV Videos 1:23 mins

Former Treasury Secretary Summers -- considered the frontrunner to replace Ben Bernanke at the Fed -- pulled his name out of the running to become chair of the Federal Reserve on Sunday. Bill Plante reports.

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