Gene Sperling News
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Robert Rubin has completed the remarkable feat of placing five of his acolytes in key positions of power in the Obama administration.
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President Barack Obama began experiencing first-hand the effects of across-the-board federal spending cuts as the first wave of White House furloughs kicked in yesterday.
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Republicans and Democrats must agree on a “balanced compromise” on budget deficit reduction that avoids “penny-wise but pound-foolish” spending cuts, a top economic adviser to President Barack Obama said.
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Less than a week after job-creation figures fell short of expectations and underscored the U.S. economy’s fragility, President Barack Obama will send Congress a budget that doesn’t include the stimulus his allies say is needed and instead embraces cuts in an appeal to Republicans.
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President Barack Obama has begun contacting Republican and Democratic senators in search of a budget compromise even as each party blamed the other for across-the-board cuts in government spending.
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Ending billions of dollars in U.S. tax breaks for the oil and gas industry would provide money for investments to encourage clean-energy technologies, said Gene Sperling , director of the National Economic Council.
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President Barack Obama will name Gene Sperling , a counselor to Treasury Secretary Timothy Geithner , as head of the National Economic Council, according to a person familiar with the matter.
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Intractable Republican lawmakers have blocked progress in replacing recent automatic U.S. federal budget cuts with a more palatable option, said National Economic Council Director Gene Sperling.
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President Barack Obama’s top economic adviser, Gene Sperling, challenged Republican congressional leaders to put an offer on the table in fiscal- cliff talks and defended Obama’s debt-reduction proposals as concrete and detailed. Sperling spoke in an interview with Bloomberg Television’s Julianna Goldman on “Political Capital with Al Hunt,” airing this weekend.
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Congress and President Barack Obama shouldn’t waste the chance to reach an agreement on fiscal policy in the period between the Nov. 6 election and the end of the year, said Gene Sperling, director of Obama’s National Economic Council.
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