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Stephen Friedman, one of President Bush's top economic advisers, is leaving the White House to return to the private sector in New York, a senior administration official said Tuesday.

Friedman, who served as the behind-the-scenes coordinator for the administration's economic policies, is to leave by the end of the year. There is no imminent announcement on his replacement, said the official, speaking on condition of anonymity.

Friedman had served as co-chairman of Wall Street investment giant Goldman Sachs & Co. from 1990 to 1994, sharing the job at first with Robert Rubin, who left the firm in 1992 to join the Clinton administration.

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