President Barack Obama is considering naming Larry Summers, his former top economic advisor, as head of the World Bank, Bloomberg reports, citing “two people familiar with the matter.”
Summers, a former U.S. Treasury Secretary, Harvard President and World Bank chief economist,has expressed interest in the job, according to Bloomberg. He has the backing of current Treasury Secretary Timothy Geithner and Obama’s current top economic advisor Gene Sperling according to Huffington Post.