Presidnt-elect Obama announces economic team in Chicago
Treasury Secretary-designate Timothy Geithner, National Economic Council Director-designate Lawrence Summers and Council of Economic Advisers Chair-designate Christina Romer enter a news conference where President-elect Barack Obama introduced his economic team on November 24, 2008 in Chicago. (UPI Photo/Brian Kersey)
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All is quiet, or a heck of a lot quieter, on the economic front in August as a holding pattern has emerged among top U.S. economic policy makers.
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WASHINGTON, June 16 (UPI) -- The Obama administration has turned down California's request for federal help in closing the state's yawning budget gap, sources say.