Live-Blogging the Obama News Conference on Economics Team

President-elect Barack Obama , moving to tackle the U.S. financial crisis, is announcing his economics team at noon EST today in Chicago. The major players have already been made public, including Timothy Geithner , president of the New York Federal Reserve Bank, who was picked for Treasury secretary, Lawrence Summers , a Treasury secretary in the Clinton administration, who will be director of the National Economic Council, and Christina Romer , a University of California-Berkeley professor, who will head the White House Council of Economic Advisers. Washington officials and financial markets are eager to find out Obama’s plans to reverse the economy’s slide – and will have two days to parse the Obama transition team’s announcement on economic appointments. On Tuesday, a second round of appointments is expected. The chief one: Peter Orszag , director of the Congressional Budget Office and a former Clinton economic adviser, will be White House budget director. Also, University of Chicago ... (link)