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Obama Said Ready to Put Warren at Treasury for Consumer Bureau

President Barack Obama will put Harvard law professor Elizabeth Warren at the Treasury Department as an adviser, to play a leading role in creating the new Consumer Financial Protection Bureau, a person with direct knowledge of the matter said.

Warren, 61, would report to Treasury Secretary Timothy F. Geithner and the president, and the appointment likely will be announced tomorrow, the person said. Three other people -- a congressional aide and two people outside government -- said Obama administration officials had briefed them on the plan.