AP source: Geithner likely Treasury pick - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

AP source: Geithner likely Treasury pick

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WASHINGTON (AP) - Barack Obama has said dealing with the
economic crisis is his administration's top priority, and it looks
like the man who's going to head up those efforts is Timothy
Geithner (GYT'-nur).
A senior Democratic official says Obama is likely to name
Geithner as Treasury secretary. Geithner currently serves as
president of the New York Federal Reserve. He earlier held posts in
the Treasury Department under three administrations.
If he's nominated and confirmed, he'd take on chief
responsibility for tackling an economic slowdown and a credit
crunch that threaten to create the deepest recession in more than a
generation.
Officials also say New Mexico Gov. Bill Richardson has emerged
as a likely pick as Commerce secretary.
And Hillary Clinton is saying through a spokesman that
discussions are "very much on track" for her appointment as
secretary of State, but no final arrangement has been made.
Obama also has selected Eric Holder, a top Justice Department
aide in the Clinton administration, as his attorney general.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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