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Obama Gets Down to Business

Treasury chief may be announced today as transition gears up

By Rob Quinn, Newser Staff

Posted Nov 6, 2008 4:20 AM CST

(Newser) – The Barack Obama team is swiftly dismantling his presidential campaign network and getting the framework in place for the transfer of power, the Washington Post reports. Economic issues are taking priority and the president-elect may announce his Treasury secretary as soon as today. Sources say New York Fed Chief Timothy Geithner, former Treasury secretary Lawrence Summers and former Federal Reserve Chairman Paul Volcker are likely picks.

Bush and Obama show early sign of being willing to work together. Obama has been invited to visit the White House as soon as possible, and Condoleezza Rice pledged to do all in her power to ensure a smooth transition. The Pentagon has cleared dozens of desks for an expected influx of Obama aides. Intelligence chief Mike McConnell will give the president-elect his first security briefing today.

A community organizer cleans up a Barack Obama campaign field office in Cleveland yesterday. (AP Photo/Tony Dejak)

President Bush leaves the podium in the Rose Garden of the White House yesterday after delivering a statement about the transition of the administration of Barack Obama. (AP Photo/Gerald Herbert)

Timothy Geithner, president of the Federal Reserve Bank of New York, is said to be one of the picks for Treasury secretary. (AP Photo/CP, Ian Barrett, File)

President-elect Barack Obama walks to an office building in Chicago yesterday. (AP Photo/Alex Brandon)

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Obama Gets Down to Business

Treasury chief may be announced today as transition gears up

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Summers Vs. Geithner for Treasury Chief

Democrats divided on pick

Rubin Won't Take Treasury Post

Decision paves the way for another former Secretary, Lawrence Summers

Larry Summers Will Be Gone by Year's End

Adviser irked that Geithner, not he, has Obama's ear

Vetting Process Leaves Agencies Understaffed

Stimulus increases workload, but senior posts vacant

White House Preps Crisis Scenarios for Obama Team

Bush administration strives to stop transition period becoming a security weak spot

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Obama Gets Down to Business

Treasury chief may be announced today as transition gears up

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OTHER STORIES ON OUR RADAR

Barack Obama • Paul Volcker • transition • Larry Summers • Election 2008 • George W. Bush • Obama administration • Treasury secretary • President Obama • Timothy Geithner

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Summers Vs. Geithner for Treasury Chief

Democrats divided on pick

Rubin Won't Take Treasury Post

Decision paves the way for another former Secretary, Lawrence Summers

Larry Summers Will Be Gone by Year's End

Adviser irked that Geithner, not he, has Obama's ear

Vetting Process Leaves Agencies Understaffed

Stimulus increases workload, but senior posts vacant

White House Preps Crisis Scenarios for Obama Team

Bush administration strives to stop transition period becoming a security weak spot

About Us

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Newser By Users

Community

Site Maps

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More News

What is Newser?