Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

White House Support for Wolfowitz Crumbles

Bank will discuss his fate today

Share

(Newser) – The White House is looking for an exit srategy for besieged World Bank President Paul Wolfowitz. After months of unwavering support that failed to soften the bank's European partners, the Bush administration has indicated a willingness to replace him if it can be done without firing, the Washington Post reports.

The turnaround comes just a day after a bank investigation concluded that Wolfowitz damaged the bank's integrity in ordering pay raises for his girlfriend. A phone campaign by Treasury Secretary Henry Paulson to foreign finance ministers also failed to produce converts.  A White House official tells the Post: "We'll engage in a discussion about the future leadership of the bank."

World Bank President Paul Wolfowitz departs his home in Chevy Chase, Md., Tuesday, May 15, 2007. Wolfowitz is tangled in an ethics controversy over securing a promotion and pay raise for his girlfriend after she was assigned duties outside the bank to avoid a conflict of interest. (AP Photo/J. Scott...
World Bank President Paul Wolfowitz departs his home in Chevy Chase, Md., Tuesday, May 15, 2007. Wolfowitz is tangled in an ethics controversy over securing a promotion and pay raise for his girlfriend...   (Associated Press)
In a file photo World Bank President Paul Wolfowitz listens during a news conference at the conclusion of the 2007 Spring meetings at International Monetary Fund headquarters in Washington, Sunday, April 15, 2007. A special panel has found that World Bank President Paul Wolfowitz broke bank rules in arranging a...
In a file photo World Bank President Paul Wolfowitz listens during a news conference at the conclusion of the 2007 Spring meetings at International Monetary Fund headquarters in Washington, Sunday, April...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.20.09
The Health-Care Wars Have Just Begun
11.19.09
Sarah Palin Deserves Some More Attention
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

35 Stories

Amid Scandal, IMF Exec Wins Praise for Nimble Work

Strauss-Kahn's 'activist' economics suit crisis

Oct 20, 08 1:05 PM CDT
(Newser) - Even as he faces a probe for misconduct, the head of the International Monetary Fund is being praised for a decisive response to the world financial crisis, Bloomberg reports. Europe’s chief banker says he’s “convinced the investigation will prove that Dominique Strauss-Kahn didn’t abuse power.”... More »

MORE ABOUT:
investigation • Paul Wolfowitz • International Monetary Fund • IMF • Iceland • probe • Dominique Strauss Kahn • scandal • financial crisis • Bretton Woods • Piroska Nagy

Bush Aide Resigns Over Plagiarism

Point person on faith-based initiatives stole for his columns

Mar 1, 08 2:21 PM CST
(Newser) - A White House aide who helped establish President Bush’s faith-based community initiative resigned yesterday after admitting he plagiarized portions of columns he submitted to an Indiana newspaper, the Indianaopolis Star reports. The News-Sentinel of Fort Wayne found that 20 columns by Tim Goeglein, who had served in... More »

MORE ABOUT:
ethics • newspaper • plagiarism • White House • resignation • apology • Tim Goeglein • George W. Bush

Snow Sets Departure Date

After weeks of rumors, press secretary will step down next month

Aug 31, 07 2:01 PM CDT
(Newser) - After weeks of rumors about his departure, White House press secretary Tony Snow gave his two weeks' notice today. Snow, who has battled colon cancer since 2005, made it clear he was leaving for financial and not health reasons, CNN reports. "I love you," President Bush told Snow,... More »

MORE ABOUT:
Bush administration • Tony Snow • White House • resignation • Dana Perino • George W. Bush

35 Stories


Wolfowitz Under Fire

FT reports on State Dept. investigation into Wolfowitz Scandal
Financial Times (UK)

Bank Whistleblower's open letter on the scandal
Wall Street Journal


Business  •  US  •  World 
TwitterFollow @Newser on Twitter

 
Bush administration • ethics • investigation • World Bank • Paul Wolfowitz • White House • Henry Paulson • resignation • scandal

from our news partners