Larry Summers: Job Creation Is Top Priority

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."