Harvard University's President Emeritus and Charles W. Eliot Professor Lawrence Summers gestures while he speaks during The Economist's Buttonwood Gathering in New York on October 25, 2012.
Amid growing liberal and Democratic opposition to the possibility of Larry Summers as chairman of the Federal Reserve, President Barack Obama gave a "full-throated defense" of him to a group of House Democrats in a closed-door meeting.
Rep. Gerry Connolly (D-Va.) told reporters of Obama's defense. According to Bloomberg, Rep. Brad Sherman (D-Calif.) said that Obama also told House Democrats that Summers has been "unfairly criticized."
Sherman also said Obama hasn't made a decision on the next Fed chair, but that he " took a minute to stand up for Larry Summers."
Politico's Ben White reported today that Summers is still the front-runner over Janet Yellen, who has become the popular choice of Congressional Democrats.
In a press conference after the meeting, House Minority Leader Nancy Pelosi (D-Calif.) said that a House member brought up Summers, upon which Obama launched into what she said wasn't a "defense" — but an explanation of why he thought Summers had been treated unfairly recently.
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