Geithner to be Named Treasury Secretary

George Wenschhof

It is being reported by NBC that Tim Geithner, NY Federal Reserve Bank President will be announced by President-elect Barack Obama as his pick for Treasury Secretary. This announcement along with other members of his economic advisers to occur on Monday, prior to Thanksgiving. FirstRead.com has more here.

Speculation is there is need for the incoming Obama administration to reassure the American public by showing how they plan to manage and rebuild a crippled economy. This is an awkward time as George W. Bush is still President and in charge and Barack Obama is the President-elect until being sworn in on January 20. CNN.com has more here.

The new rumor on who will be Commerce Secretary after Penny Pritzker said she was not interested in the position is New Mexico Governor Bill Richardson. Richardson served as UN Ambassador and Energy Secretary under the Clinton administration. You may also recall, he endorsed Barack Obama, much to the chagrin of the Clintons during the Democratic primary.

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