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Larry Summers withdraws bid for Fed chair

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Larry Summers withdraws bid for Fed chair

Larry Summers withdraws bid for Fed chair
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Larry Summers withdraws bid for Fed chair

by CBSTV Videos 1:14 mins

Larry Summers, widely thought to be selected as the next Federal Reserve Chairman, has withdrawn his bid for the job. His withdrawal opens up the possibility that a woman could become the first Fed chair. Bill Plante reports.

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