CHICAGO — US President-elect Barack Obama,
who will inherit the worst financial crisis in decades when he
takes office, is expected to announce his pick for some key
economic jobs soon and may reveal his Treasury secretary
selection as early as Thursday.
Timothy Geithner, president of the Federal
Reserve Bank of New York, former Treasury Secretary Lawrence
Summers and former Federal Reserve Chairman Paul Volcker are
among those being considered for the Treasury post.
After an election victory on Tuesday that
will make him the first black US president, Obama also
appeared to be getting close to announcing his chief of staff.
US Rep. Rahm Emanuel of Illinois, a
Democratic lawmaker known for this hard-charging style, has
been offered the job of leading Obama’s White House staff,
according to Democratic sources who spoke on condition of
anonymity.
The 48-year-old congressman has close ties
to Obama’s inner circle and is a fellow Chicagoan. He was
expected to accept the job, which would make him the
gatekeeper to the Oval Office.
Obama has already launched a transition
team that was working fast to fill the next administration’s
economic and homeland security teams, according to one of the
Democratic sources.
Heading up that team are Valerie Jarrett, a
close friend of Obama, Pete Rouse, his US Senate chief of
staff, and John Podesta, former chief of staff to Bill
Clinton.
Amid the worst financial crisis since the
Great Depression, Obama wants to move quickly to be prepared
to handle a probable recession and the wars in Iraq and
Afghanistan.
Obama’s office is maintaining secrecy on
the transition, which is occurring in the 11 weeks before Jan.
20, when he will be sworn in as successor to President George
W. Bush.
Whoever gets the Treasury job will be faced
with guiding the $700 billion economic bailout package and the
regulatory reform needed to prevent a repeat of the current
crisis.
In addition to Geithner, Summers and
Volcker, the short list for Treasury includes former Clinton
administration adviser Laura Tyson.
Obama could soon announce other economic
posts as well. Likely to end up in top advisory roles are
University of Chicago economist Austan Goolsbee and Jason
Furman, a former economic adviser to President Clinton.
FOREIGN POLICY ADVISERS
For secretary of state, Massachusetts
Democratic Sen. John Kerry, former diplomat Richard Holbrooke,
outgoing Republican Sen. Chuck Hagel and former Georgia
Democratic Sen. Sam Nunn are among the names in the mix.
James Steinberg, a former Clinton adviser,
is a top contender for national security adviser. Susan Rice,
another former Clinton aide, could be considered for that job
or another senior post.
Obama also has relied heavily on three
foreign policy experts on his campaign staff who are likely to
end up in the White House or the State Department. They are
Mark Lippert and Denis McDonough, both former Senate aides,
and Ben Rhodes, Obama’s foreign policy speechwriter.
With wars under way in Iraq and Afghanistan, Obama might
consider keeping Robert Gates on as secretary of defense. He
might also consider tapping former Navy Secretary Richard
Danzig, a close adviser. – Reuters