Obama names Gene Sperling as top economic adviser

10:01, January 08, 2011      

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Gene Sperling, the new head of U.S. President Barack Obama's National Economic Council, is pictured after Obama's announcement at Thompson Creek Window Company in Landover, Maryland, January 7, 2011.(Xinhua/Reuters Photo)

U.S. President Barack Obama announced on Friday that Gene Sperling would take the position of National Economic Council (NEC) Director, the top White House economic adviser.

Obama made the announcement during his Friday trip to a U.S. manufacturing company in Maryland. Former NEC Director Larry Summers, a Harvard professor, resigned at the end of last year.

Sperling, a counselor to U.S. Treasury Secretary Timothy Geithner, served the same position of NEC Director during the Clinton administration.

"Gene has been an extraordinary asset to me and this administration over the past two years. He has been working with me. He is a public servant who has devoted his life to making this economy work, and making it work specifically for middle-class families," Obama noted.

Obama said that one reason he had selected Sperling was that in Sperling's tenure in the Clinton administration during the late 1990s, he helped formulate the policies that contributed to turning deficits to surpluses and a time of prosperity and progress for American families in a sustained way.

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