Aide named as US unemployment falls

President Barack Obama has named Clinton-era veteran Gene Sperling as the new director of his National Economic Council, saying he has a record of helping turn US budget deficits into surpluses.

By The Newsroom

Published 7th Jan 2011, 15:29 BST

Updated 7th Jan 2011, 21:37 BST

Mr Obama also welcomed the decline in the US jobless rate in December from 9.8 per cent to 9.4 per cent but said more needs done to boost growth.

Clinton