gene sperling

Lower Deficit Predictions May Hamper U.S. Budget Deal

The recovering economy is producing greater tax revenues, but an improving deficit picture also reflects the accumulating effects of prior rounds of spending cuts.

Obama to Name New Chief Economic Adviser Friday

President Barack Obama will likely name a new chief economic adviser to replace Lawrence Summers later this week as his administration looks for more effective ways to reduce an unemployment rate that remains near 10%, the Associated Press reported Wednesday.