facebook
twitter
rss
account
search
search
 

Obama signals N.Y. Fed chief Treasury pick

Nov. 21, 2008 at 5:10 PM   |   Comments

| License Photo
WASHINGTON, Nov. 21 (UPI) -- New York Federal Reserve Bank chief Timothy Geithner is President-elect Barack Obama's Treasury secretary pick, a person close to the transition team said.

Wall Street reacted favorably to the leaked information Friday, jumping several hundred points in a late-afternoon rally, The New York Times reported.

Obama is expected to announce the Geithner appointment, as well as the rest of his economic team, on Monday. His appointment is subject to congressional approval.

Geithner, 47, has been subject of speculation for the top economic post for weeks. Also mentioned was Geithner's one-time Treasury boss, Lawrence Summers, who was former President Bill Clinton's final Treasury secretary.

Topics: Barack Obama
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
John Wayne Gacy room at Rob Zombie's haunted house angers victims John Wayne Gacy room at Rob Zombie's haunted house angers victims
2
Pakistani leader intimately connected to IS Pakistani leader intimately connected to IS
3
Boston Herald apologizes for 'racist' Obama cartoon Boston Herald apologizes for 'racist' Obama cartoon
4
Court: Democrats don't have to run Senate candidate in Kansas Court: Democrats don't have to run Senate candidate in Kansas
5
Loose mountain lion spotted in Brentwood Loose mountain lion spotted in Brentwood
Trending News
x
Feedback