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Obama to Select New Chief Economic Advisor
Date: 1/7/2011 8:42:33 AM Sender: VOA
Obama to Select New Chief Economic Advisor


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Gene Sperling (file photo)


Sources in the White House say U.S. President Barack Obama will name Gene Sperling as the new head of the National Economic Council.  

Sperling, who headed the NEC under former President Bill Clinton, will succeed Lawrence Summers, another top economic official from the Clinton-era.  Sperling has spent the first two years of the Obama administration as a counselor to Treasury Secretary Timothy Geithner.  The head of the National Economic Council  oversees the administration＇s economic policies.

Mr. Obama will make the announcement Friday during a visit at a window manufacturer located outside of Washington, D.C., hours after the December unemployment figures are released.

Sperling＇s appointment is the latest major staff change for the Obama administration as it begins dealing with a new Republican majority in the House of Representatives, as well as planning for the president＇s likely re-election campaign in 2012.

On Thursday, Mr. Obama named another ex-Clinton official, William Daley, as his new chief of staff, replacing Rahm Emmanuel.  



Some information for this report was provided by AP, AFP and Reuters.

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