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Obama to Name Geithner, Summers to Top Economic Posts

HeadlineNov 24, 2008

At a press conference today, Obama is expected to introduce Timothy Geithner as his nominee to be Treasury Secretary. Geithner is currently the president of the New York Federal Reserve Bank. Geithner played a key role in the government bailouts of Bear Stearns Cos. and American International Group. He is seen by many as a protege of former Clinton administration Treasury chief Robert Rubin. During the late 1980s, Geithner worked at Henry Kissinger’s firm, Kissinger Associates. President-elect Obama is also expected to name Lawrence Summers to be the director of the National Economic Council in the White House. Summers served as Treasury Secretary under President Clinton and is former president of Harvard University.

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