WASHINGTON (AP) -- President-elect Barack Obama is likely to name Federal Reserve Governor Timothy Geithner as treasury secretary next week.
An official close to the senator says the New York Federal Reserve president is the leading contender for the job and is likely to be nominated Monday. The official spoke on condition of anonymity because Obama hasn't finalized his decision.
The development comes as Obama prepares for how he will grapple with a collapsing economy. Gov. Bill Richardson of New Mexico is under serious consideration to be commerce secretary.
Geithner has played a key role in the government's response to the financial crisis and worked closely with Treasury Secretary Henry Paulson.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.