Search for New National Economic Council Director Heating Up

Reports suggest that the Obama administration is coming closer to settling on its pick to head one of the most important bodies in Washington, the National Economic Council. Notably, the position of top economic advisor to the President is particularly visible and important heading into an election cycle that will see the economy being the foremost topic on the minds of most voters.

Experience on both Capitol Hill and Wall Street will be important factors in the final decision of picking Larry Summers' successor, and apparent frontrunner Gene Sperling has both. These factors, in addition to recent experience negotiating the tax bill with top Republicans, make Sperling a positive, as well as a practical, pick. Reuters has more details, as well as details on other contenders, here.