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Summers withdraws from consideration for Fed chief
File- This Dec. 17, 2010 file photo shows Director of the National Economic Council Lawrence Summers arriving for the tax cut extension bill during a ceremony at the Eisenhower Executive Office Building in the White House complex in Washington. President Barack Obama says he has accepted Lawrence Summers' decision to withdraw from consideration for the role of Chairman of the Federal Reserve. Obama says Summers was a critical member of his economic team and says he is grateful for his service on behalf of the country. Summers was the leading candidate to replace current Fed Chairman Ben Bernanke but faced opposition from some Democrats. (AP Photo/J. Scott Applewhite, File)

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