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Condoleezza Rice Becomes CBS News Contributor

Bob Schieffer announced on Sunday that Condoleezza Rice is joining CBS News as a contributor.

"Everybody knows Condoleezza Rice was President Bush’s Secretary of State but I'm highly pleased to announce she has a new job. As of today, she’s joining CBS News as a contributor," Schieffer said at the top of the roundtable discussion on "Face the Nation." Rice was a member of the show's panel.

She will "use her insight and vast experience to explore issues facing America at home and abroad," the network said in a statement.