Gene Sperling, who was the Treasury Department's point person during negations on the proposal for raising the cap on member business loans, was named by President Obama today to be director of the National Economic Council (NEC).
Obama, who made the announcement at a manufacturer of energy efficient home products in Landover, Md., said that "few people bring the level of intelligence and work ethic that Gene has brought to every assignment he has been given."
Sperling is currently the Treasury Department Counselor and has been one of the Democratic Party's key economic voices since the 1990s.
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