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Latest Business News

Wolfowitz Resignation Pressure Mounts

Tuesday, May 08, 2007 8:15:05 PM
By JEANNINE AVERSA

 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 pay package and promotion for his girlfriend, a person familiar with the report said Monday, April 7, 2007. (AP Photo/J. Scott Applewhite)WASHINGTON (AP) - European officials voiced fresh concerns Tuesday about World Bank President Paul Wolfowitz's leadership, increasing pressure for his resignation amid revelations that he broke bank rules in arranging a pay package for his girlfriend.

As questions mounted about Wolfowitz's ability to continue to run the poverty-fighting institution, the White House appeared to take a bit of a hands-off approach, with presidential spokesman Tony Snow directing most questions about Wolfowitz to the World Bank.

Snow reaffirmed President Bush's support for Wolfowitz, but would not say whether he is insisting to allies or others that Wolfowitz remain on the job.


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