Geithner named Treasury Secretary

From NBC's Domenico Montanaro Tim Geithner was officially named Treasury Secretary by President-elect Obama's transition team, as well as several other members of the Obama White House economic team. Included in that list is Larry Summers, the controversial former Harvard president but also a highly respected economic mind, as director of his National Economic Council. Also, Christina Romer will serve as director of the Council of Economic Advisors. On other domestic policy, Melody Barnes was named director of Obama's Domestic Policy Council. Heather Higginbottom will be her deputy. “Vice President-elect Biden and I have assembled an economic team with the vision and expertise to stabilize our economy, create jobs, and get America back on track," Obama said in a statement moments before his second news conference since winning the presidential election Nov. 4th. " Even as we face great economic challenges, we know that great opportunity is at hand -- if we act swiftly and ... (link)