Tags: White House Shakeup Economy

Obama Expected to Name New Economic Adviser Friday

Wednesday, 05 January 2011 02:51 PM EST

The White House says President Barack Obama will likely announce his new chief economic adviser on Friday, the same day the government issues its monthly unemployment report.

Gene Sperling, a Treasury official and deficit hawk with ties to Wall Street and the Clinton administration, is considered most likely to take over as director of the National Economic Council. He would replace Lawrence Summers, who has returned to his teaching position at Harvard University.

Other White House staff changes are expected in the next few days.

The government will issue the December unemployment report on Friday. The unemployment rate continues near 10 percent. Obama has said creating jobs and getting people back to work will be his highest priority for the remaining two years of his term.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Economy
The White House says President Barack Obama will likely announce his new chief economic adviser on Friday, the same day the government issues its monthly unemployment report.Gene Sperling, a Treasury official and deficit hawk with ties to Wall Street and the Clinton...
White House Shakeup Economy
126
2011-51-05
Wednesday, 05 January 2011 02:51 PM
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