Originally published by the Voice of America (www.voanews.com).
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November 24, 2008

Obama Names Choices for Top Economic Posts
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http://enews.voanews.com/t?ctl=209053A:A6F02AD83191E160FF23C61CF74EFC41A13B8D4F2090AB2B&
 
New York Federal Reserve President Timothy Geithner named to lead the
Treasury Department 
      President-elect Barack Obama, right, introduces Treasury
Secretary-designate Timothy Geithner and Council of Economic Advisers
Chair-designate Christina Romer U.S. President-elect Barack Obama has
nominated New York Federal Reserve President Timothy Geithner to lead
the Treasury Department, former Treasury Secretary Lawrence Summers to
head the National Economic Council, and Christina Romer to his Council
of Economic Advisers.

 Geithner has been deeply involved in the current administration's
effort to rescue battered U.S. financial markets. Mr. Obama said
Geithner has a "unique" insight into the crisis. 

 The president-elect said he is drawing his economic team from the "best
minds in America" and credited Summers with good work in coping with
previous international economic crises.

 Mr. Obama said crafting an effective economic recovery plan is the new
team's top priority. He called for a big stimulus package that will
"jolt the economy back into shape" and said he intends to create two and
a half million jobs.

 The stimulus plan will be far larger than the one the Bush
administration used to briefly boost the U.S. economy earlier this year,
and much bigger than the $175 billion package Mr. Obama had proposed
earlier. 

 


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