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Sperling Says Jobs Act Might Have Put U.S. Unemployment Below 8%

The U.S. unemployment rate might now be below 8 percent had Congress adopted all of President Barack Obama’s legislative proposals, one of his economic advisers said in an interview.

Gene Sperling, White House director of the National Economic Council, said Republicans rejected Democrat Obama’s plans to provide money to prevent teacher firings and increase infrastructure spending, according to a transcript of his interview with CNN’s “Fareed Zakaria GPS,” scheduled for broadcast tomorrow.