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President-elect Barack Obama named the top members of his economic team in a series of announcements this week in Chicago, Illinois. His nominee for secretary of the Treasury is Tim Geithner, president of the Federal Reserve Bank of New York for the past five years. Mister Geithner has been working to rescue companies affected by the financial crisis. He has also worked as undersecretary of the Treasury Department for international affairs.


Barack Obama with two members of his team, Tim Geithner and Christina Romer
The top economic adviser in the White House will be Larry Summers. He was President Clinton's last Treasury secretary, at the same time that Tim Geithner was undersecretary. The former Harvard University president will lead the National Economic Council. That position does not require Senate approval.
But confirmation is required for the director of the Council of Economic Advisers. Mister Obama's choice to lead that group is Christina Romer. She is an economist and economic historian at the University of California, Berkeley.
The nominee to lead the Office of Management and Budget in the White House is Peter Orszag, until now the director of the Congressional Budget Office.
And Mister Obama announced the creation of a President's Economic... [continues]

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