[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/11/24/art.obamaecon.ap.jpg caption="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.