World | USA
Obama names Geithner, Summers to economic team
US President-elect Barack Obama named Timothy Geithner as Treasury Secretary and Lawrence Summers as director of the National Economic Council on Monday.
- Agencies
- Published: 22:46 November 24, 2008
Chicago: US President-elect Barack Obama named Timothy Geithner as Treasury Secretary and Lawrence Summers as director of the National Economic Council on Monday.
Geithner, the New York Federal Reserve Bank president, and former Treasury Secretary Summers will be at the centre of the Obama administration's efforts to fight the worst financial crisis to hit the United States since the Great Depression.
Obama, who takes over for President George W. Bush on January 20, also named University of California at Berkeley economist Christina Romer as the head of the White House Council of Economic Advisers.
"Vice President-elect (Joe) Biden and I have assembled an economic team with the vision and expertise to stabilize our economy, create jobs, and get America back on track," Obama said in a statement.
"Even as we face great economic challenges, we know that great opportunity is at hand - if we act swiftly and boldly. That's the mission our economic team will take on."
Obama and Biden also named Melody Barnes to serve as director of the Domestic Policy Council and and Heather Higginbottom to serve as the council's deputy director.
News Editor's choice
-
Ukraine leaders fight over Russian language
Violence erupts in Ukraine parliament over a bill to allow use of Russian language in courts, hospitals
-
CBSE: 100% success in many UAE schools
6,000 students from 53 schools meet grade expectations in examinations
-
'I can’t believe he is not going to come back'
Seventeen-year-old boy went missing in Dubai during a visit from Pakistan
