A successor to outgoing National Economic Council Director Lawrence Summers will probably be named next month.

Appearing on CNN's "State of the Union," White House Press Secretary Robert Gibbs said that President Obama, wanted to take some time and make a good decision."

Summers, 56, who served as president of Harvard University for five years, announced in September he would return there. Summers also served as Treasury Secretary under President Clinton.

Potential successors to Summers include

Roger Altman, founder of investment banking consultant Evercore Partners Inc.; Gene Sperling, currently an adviser to Treasury Secretary Timothy Geithner; and Richard Levin president at Yale.


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