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Sperling to head National Economic Council

President Obama will name Gene Sperling head of his National Economic Council, according to a person familiar with the matter.

Sperling, who was the head of the council under former President Clinton, would replace Larry Summers.

Sperling is currently counselor to Treasury Secretary Timothy Geithner.

The president will make the announcement tomorrow during his visit to Thompson Creek Manufacturing in Landover, MD, a window manufacturer. While there, the president will also tour the facility and comment on the monthly employment report.