Wednesday, November 26, 2008

Obama Team Starts to Take Shape, May Include One-time Rival Hillary Clinton

Obama Team Starts to Take Shape, May Include One-time Rival Hillary Clinton

Posted: November 25, 2008PRINTER FRIENDLY VERSION: PDF
The make up of President-elect Barack Obama's new administration began to emerge this week with his announcement of a new economic team and reports that former Democratic opponent Hillary Clinton could be named Secretary of State.
Larry Summers, Barack Obama and Joe Biden, AP photo
President-elect Obama announced his choices for the top economic advisers in his administration, including former Treasury Secretary Larry Summers, right, as the head of the National Economic Council.

With more people losing their jobs, plummeting stock prices and further declines in the housing market, President-elect Barack Obama held a series of press conferences this week to show that his administration will "hit the ground running."

Obama tackles the economy first

Tim Geithner

Obama chose New York Federal Reserve president Tim Geithner to be his Treasury Secretary, an appointment that must be approved by the Senate.
For the important position of Treasury Secretary, Mr. Obama nominated Timothy Geithner, president of the Federal Reserve Bank in New York. Lawrence Summers, a highly respected Harvard economist who got into trouble several years ago for questioning why more women are not succeeding at math and science, will head the White House Economic Council.
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