Former Treasury chief to be Obama economic adviser
Posted: Sat Feb 11, 2012 1:14 amFormer Treasury chief to be Obama economic adviser
« Thread Started on Nov 23, 2008, 12:38am »
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Former Treasury chief to be Obama economic adviser, sources say
Posted: 12:54 AM ET
CHICAGO, Illinois (CNN) — Former Treasury Secretary Lawrence Summers, who lost out to New York Federal Reserve President Timothy Geithner for the Treasury post, is expected to be the top economic adviser in the Obama White House, according to two sources close to the transition.
Selection of the Obama economic team comes as President-elect Obama offers an outline of his economic recovery plan to create 2.5 million jobs by 2011. Obama, in the weekly Democratic address Saturday, said American workers will rebuild the nation’s roads and bridges, modernize its schools and create more sources of alternative energy.
Summers, who served as Treasury secretary in the Clinton Administration, will be named chief of the National Economic Council by President-elect Barack Obama at an event in Chicago on Monday, the sources said.
Geithner’s nomination to be Treasury secretary, the top economic post in the Cabinet, will also be officially announced at Monday’s event, the sources said.
« Thread Started on Nov 23, 2008, 12:38am »
--------------------------------------------------------------------------------
Former Treasury chief to be Obama economic adviser, sources say
Posted: 12:54 AM ET
CHICAGO, Illinois (CNN) — Former Treasury Secretary Lawrence Summers, who lost out to New York Federal Reserve President Timothy Geithner for the Treasury post, is expected to be the top economic adviser in the Obama White House, according to two sources close to the transition.
Selection of the Obama economic team comes as President-elect Obama offers an outline of his economic recovery plan to create 2.5 million jobs by 2011. Obama, in the weekly Democratic address Saturday, said American workers will rebuild the nation’s roads and bridges, modernize its schools and create more sources of alternative energy.
Summers, who served as Treasury secretary in the Clinton Administration, will be named chief of the National Economic Council by President-elect Barack Obama at an event in Chicago on Monday, the sources said.
Geithner’s nomination to be Treasury secretary, the top economic post in the Cabinet, will also be officially announced at Monday’s event, the sources said.