Mark Penn Fired

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ABC

Mark Penn is giving up his role as chief strategist with Sen. Hillary Clinton's presidential campaign in the wake of "the events of the past few days," campaign manager Maggie Williams said.

Penn realized that he needed to step down after it was discovered this past week that Penn, who also is chief executive of the lobbying and public relations firm Burson-Marsteller Worldwide, had been hired by the Colombian government to help secure a trade deal that Sen. Clinton has said she opposes, sources told ABC News.

This is about a year too late to do any good for the campaign.