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"As Director of the NEC, Mr. Sperling [was] responsible for ensuring that economic policy is consistent with the President's long term goals of maintaining fiscal discipline, making key investments in the American people, and opening foreign markets for American workers, farmers and businesses.
"Mr. Sperling [was then] the third and longest serving Director of the National Economic Council, following [[Robert E. Rubin]] and Dr. [[Laura D'Andrea Tyson]]. During President Clinton's first term, Mr. Sperling served as NEC's Deputy Director. As Deputy Director, he helped design and pass several of President Clinton's early initiatives including: the 1993 Deficit Reduction Act; the increase in the Earned Income Tax Credit; the Direct Student Loan Program; Empowerment Zones and the Community Development Financial Institutions program; and the Technology Literacy Initiative. He also helped create the America Reads child literacy initiative.
"As National Economic Advisor and NEC Director, Mr. Sperling ... coordinated President Clinton's efforts to institute debt reduction, Save Social Security First, and reform Medicare policies. Mr. Sperling was a principal negotiator for the 1997 Balanced Budget Agreement. He also served as a principal negotiator with Treasury Secretary Lawrence Summers in finalizing the Financial Modernization Bill. Together with United States Trade Representative [[Charlene Barshefsky]], Mr. Sperling successfully negotiated and concluded the historic China-WTO agreement in Beijing. He played a lead role in the design and passage of many of President Clinton's other initiatives, particularly the GEAR-UP mentoring program, the Hope Scholarship Tax Credit, the Workforce Improvement Act, and the Children's Health Insurance Program. He is currently playing a lead role in such initiatives as the New Markets legislation, Debt Relief for Highly Indebted Countries, and the President's goal of universal basic education.
