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article imageWill Mayor Michael Bloomberg be the next U.S. Treasury Secretary?

By Andrew Moran     Oct 4, 2010 in Politics
New York - During a CNBC broadcast, anchor Larry Kudlow stated that he had dinner with a "deep political insider" who told him that the "deal is done" for New York City mayor Michael Bloomberg to be the next Treasury Secretary.
Many officials from the Obama administration have resigned within the past year, including top economic advisor Larry Summers, Budget director Peter Orszag and Chairwoman of the Council of Economic Advisors Christine Romer.
On Friday, President Barack Obama announced that Pete Rouse will be the White House Chief of Staff after Rahm Emanuel resigned in order to run for mayor of Chicago.
But prior to the President’s announcement, during a CNBC broadcast of “The Call”, Larry Kudlow, host of CNBC’s Kudlow & Co, shared a stunning story of a dinner he had with a “deep political insider” who gave him some information that many had never suspected of happening.
“I had dinner last night with a deep political insider who told me that Michael Bloomberg is the next Treasury secretary,” said Kudlow, which was followed by smirks and jokes. “All I'll say is this is a serious insider who said the deal has been done and that Bloomberg is the next Treasury secretary.”
All of the anchors and correspondents then agreed Bloomberg would be an “interesting choice” as Treasury Secretary. Nevertheless, CNBC Washington correspondent, John Harwood, said current Treasury Secretary Timothy Geithner “is not going anywhere.”
This isn’t the first time that such rumors have been floating around. In 2008, political analysts and financial experts put Bloomberg as one of the top candidates for Treasury Secretary. Bloomberg was even a contender as Obama’s running mate.
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