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In the Nation's Interest

Gene Sperling Briefs CED Leaders on Economy and Efforts to Reduce National Debt;Executive VP Michael

CED Acting President Michael Petro (r) listens as Presidential assistant and White House Chief Economist Gene Sperling speaks at the June 15 CED Policy and Impact Committee meeting in Washington, D.C.

On Tuesday, June 15, 2012 President Obama's chief economist, Gene Sperling, addressed CED's Policy and Impact Committee to brief CED Trustees and staff on the Administration's efforts to slow the growth of our national debt. Mr. Sperling gave a comprehensive overview of the national and global economy. He also took questions from CED Co-Chairs Roger W. Ferguson, Jr., President and Chief Executive Officer, TIAA-CREF, and Donald K. Peterson, Former Chairman and Chief Executive Officer, Avaya Inc., as well as members of the Policy and Impact Committee. The discussion focused on budget options before Congress, the Administration and the economic uncertainty in Europe.

Earlier that day, CED's Executive Committee named current Executive Vice President, Michael Petro Acting President of CED. A search is underway to replace Charles Kolb who left in July to assume the Presidency of the French-American Foundation. Mr. Petro has been a Vice President at CED for 14 years and has been an active leader of CED's education, campaign finance reform, and judicial selection programs.