WASHINGTON – Saying that the current economic crisis demands an economic team made up of people with "sound judgment and fresh thinking," President-elect Barack Obama today named his top economic advisers and the head of the Domestic Policy Counsel.
New York Federal Reserve Bank President Timothy Geithner was nominated to be secretary of the treasury; Former Treasury Secretary Lawrence Summers was chosen to lead the National Economic Council; University of California Economics Professor Christina Romer was named chairwoman of the Council of Economic Advisers; and Melody Barnes, a former top aide to Sen. Edward M. Kennedy (D-Mass.), will chair the Domestic Policy Council.
During a news conference in Chicago, Obama said his economic team would work to put together an economic stimulus bill that he will present to Congress and that he hopes lawmakers will act on it so he can sign it when he takes office on January 20.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
