November 24th, 2008
12:40 PM ET
6 years ago

Obama names his economic team, led by Geithner

Obama officially named his economic team Monday (from left: Geithner, Romer and Summers).
Obama officially named his economic team Monday (from left: Geithner, Romer and Summers).

NEW YORK (CNNMoney.com) – President-elect Barack Obama named key members of his administration's economic team Monday, including New York Federal Reserve President Timothy Geithner as his Treasury Secretary nominee and former Harvard President Lawrence Summers as the director of the National Economic Council.

Obama's announcement was scheduled just hours after the federal government announced a massive rescue package for Citigroup – which President Bush said he'd spoken with Obama about before it was announced.

Mission No. 1 over the next few weeks for Obama's economic team will be hammering out the details of what the president-elect described this weekend as a two-year economic recovery plan intended to create 2.5 million jobs.

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Filed under: Obama transition
soundoff (137 Responses)
  1. Scott in Atlanta

    I can finally see some light at the end of the tunnel.

    November 24, 2008 12:58 pm at 12:58 pm |
  2. Ken in NC

    WAY TA GO "BIG O"

    November 24, 2008 12:58 pm at 12:58 pm |
  3. carlo

    Look at that fellow Americans! A press conference with smart people! And no tap dancing!

    November 24, 2008 12:59 pm at 12:59 pm |
  4. Barbara in NC

    Good job, Pres. Elect Obama.

    November 24, 2008 01:00 pm at 1:00 pm |
  5. Michael M, Phoenix AZ

    Good. At least he is on the ball and getting ready to go to work the day he takes the oath of office.

    November 24, 2008 01:01 pm at 1:01 pm |
  6. Vicki5

    Thanks....

    November 24, 2008 01:02 pm at 1:02 pm |
  7. ANGIE

    Lets Go President Elect Obama lets get this country rolling again great job your doing Obama!!!

    November 24, 2008 01:02 pm at 1:02 pm |
  8. Lorna, NY

    Bush should leave today and obama should just take over..

    November 24, 2008 01:02 pm at 1:02 pm |
  9. Purple Nurple

    His cabinet is starting to look really good. As far as how well they do is yet to been seen. I have confidenince that this team is going to get our country starting on the right path. It's all about jobs baby!!!

    Also, reguardless of who you voted for, I want to say HAPPY THANKSGIVING everybody!! May your turkey/ham day be full of happiness and laughter!!!!!!!!

    November 24, 2008 01:02 pm at 1:02 pm |
  10. Bruce

    he is inheriting a mess from an administration that has non clue, and no plan and is basicly running out the clock. Too bad therere is still time for them to furthere damage.
    Obama is a bit late addressing this, but think that he now realizes that Bush and his buddies are just running out the string.
    Will be interesting to see how the market reacts.

    November 24, 2008 01:03 pm at 1:03 pm |
  11. Yes!

    I think we hit the jackpot as far as brainpower America.

    November 24, 2008 01:04 pm at 1:04 pm |
  12. sam

    how do you spell relief.........Obama

    November 24, 2008 01:05 pm at 1:05 pm |
  13. katiec

    Thank God we will have some people in key positions who are
    qualified and can get our country on the road to economy.
    What is frightening is Bush, Paulson and crew still have the
    power to make decisions on the future of our country.

    November 24, 2008 01:06 pm at 1:06 pm |
  14. deb in Colo

    Where the heck is BUSH? He doesn't act like a LAME DUCK – he's acting like a DEAD DUCK. The economy is imploding while "Zero" fiddles....

    November 24, 2008 01:06 pm at 1:06 pm |
  15. Milhouse van Houten

    Time to roll up the sleeves and be prepared to hit the ground running
    come January,because there is going to be a hell of alot of work to be done before this mess is cleaned up.

    November 24, 2008 01:10 pm at 1:10 pm |
  16. Spencer/NY to VA

    Judgement to lead on day one.

    -President-elect Obama

    November 24, 2008 01:11 pm at 1:11 pm |
  17. Baze

    Good luck

    No bailout for the automakers!

    November 24, 2008 01:11 pm at 1:11 pm |
  18. Texas Vet

    It's too bad that Amercia has to wait until the end fo January to swear in President Elect Obama.

    The best thing Bush could for the Country is to let Obama's Finanial start mking some of the decisions before the remainder of the so called TARP funds are spent wisely.

    Giving money to the Banks so executives can continue to receive bonuses is not working.

    November 24, 2008 01:12 pm at 1:12 pm |
  19. Adrian from Chicago, IL

    I never heard of any of them, but I am sure if he chose them they are just as shady as he is. We are up the creek.

    November 24, 2008 01:13 pm at 1:13 pm |
  20. Angie-OHIO

    PRESIDENT OBAMA, SOUNDS LIKE YOU HAVE A PLAN. WONDERFUL. BECAUSE WE HAVEN'T HAD A president since 2000. dumby bush and crazy cheney have done nothing but destroy this country and just like PRESIDENT CLINTON

    November 24, 2008 01:16 pm at 1:16 pm |
  21. Obama Victim

    I am a little queasy

    November 24, 2008 01:17 pm at 1:17 pm |
  22. Angie-OHIO

    who had to clean up after a bush. You will to. So our prayers are with you.

    November 24, 2008 01:17 pm at 1:17 pm |
  23. BushLameDuck

    way to go President Obama, I have no doubt in your ablility to save this nation from the disastrous eight years damage done by GOP.

    November 24, 2008 01:19 pm at 1:19 pm |
  24. Angie-OHIO

    who had to clean up after a bush. You will to. So our prayers are with you.

    November 24, 2008 01:19 pm at 1:19 pm |
  25. TrueIndependent

    I am appalled at how desperately the Republicans seem to want the President Elect to fail, even before he takes office. They are disappointed that his selections thus far have not being as 'liberal' as they expected. That is not patriotic. Get a life!

    Also, please proof read your comments before posting.

    November 24, 2008 01:24 pm at 1:24 pm |
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