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Parsons to Commerce?

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Getty/Commerce Department

Former Time Warner Chairman and CEO is under consideration as possible replacement for Bill Richardson at Commerce.

Parsons, a onetime Ford White House aide and former Dime Bank executive, ran Social Security study group in Bush era.

Parsons officially left Time Warner in December 2008. He was also a member of Obama's Transition Economic Advisory Board.

Plus: Politico: New Commerce Secretary nominee to be announced next week.

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