Larry Summers: Job Creation Is Top Priority

Sunday, 13 Dec 2009 10:47 AM

 

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President Barack Obama's top economic adviser says creating jobs takes priority over reducing the country's red ink in the next year.

Larry Summers says priority No. 1 must be getting people back to work and lowering the country's 10 percent unemployment rate.

Summers says only then can the Obama administration begin working to reduce the deficit — a problem he blames largely on the Bush administration.

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Summers — a former treasury secretary — spoke Sunday on CNN's "State of the Union."

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