Roger Altman, founder of Evercore Partners Inc. and a former deputy Treasury secretary, has emerged as a leading candidate to replace Lawrence Summers as director of President Obama's National Economic Council, according to two people familiar with the matter.

Altman was seen outside the White House's Oval Office waiting to meet with the president this afternoon. He served at the Treasury Department from 1993-95 during the Clinton administration.

Altman, 64, has close ties to the business community, and the people familiar with the matter said he might be able to repair the rift that has emerged between Obama and investors. He did not immediately return a request for comment.

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