IBNLive.com: Breaking news from India

 

Font Size A+A-

Obama charts moves, set to pick Treasury Secretary

TimePublished on Fri, Nov 07, 2008 at 13:04 in World section

CHIEF OF STAFF: With Congressman Rahm Emanuel as his aide, Obama already has a great team in the offing

CHIEF OF STAFF: With Congressman Rahm Emanuel as his aide, Obama already has a great team in the offing


ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

Ads by Google

Washington: The president-elect of the USA, Barack Obama has already begun the transition process by naming Democrat Congressman Rahm Emanuel as his chief of staff.

Obama may himself keep a low profile he was in Chicago, at the FBI's office for his first top-secret intelligence briefing.

"I'm going to have lunch. You guys should go have lunch too. That's all I'll say," said Rahm Emanuel after his meeting was done.

Congressman Emanuel is known for an outwardly brash manner that carefully camouflages his political savvy.

He was the key strategist in both terms of the Democrats at the White House. He was a close Clinton aide and now will ally with Obama in his term at the highest office in America.

An investment banker and then a Chicago Congressman, Emanuel helped Democrats retake the House of Representatives in 2006.

Republican House minority leader John Boehner, quite unkindly calls him "an ironic choice for a president-elect who has promised to change Washington, make politics more civil and govern from the center."

But many of Emanuel's own party men laud the pick.

"It touches all of the critical elements it seems to me in the beginning that kind o f transition we'd like to have. So I think it's a great choice," said Connecticut Senator Christopher Dodd.

The new administration's top priority is to respond to the financial crisis that threatens to devour American economy.

The president-elect meets with with his top economic advisors on Saturday.

Obama will hold a press conference after the briefing and also probably declare the name of his Treasury Secretary.

The names under consideration are former Clinton Treasury Secretary Larry Summers and Head of New York Fed, Tim Geitner.

Summers is considered a brilliant economist but is known to be prone to making controversial remarks.

Geitner too is respected in academic circles and on Wall Street but is relatively an outsider to Washington.

Ads by Google
Related Ads:

Copyright © IBNLive.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of IBNLive.com is prohibited.

Read more comment »

Every time I make a trip to the loo in office, there's always someone who wants to tell me how much weight I've lost

Follow Megha Mamgain as she burns the extra kilos on CNN-IBN, Sat: 12:30 pm,
6:30 pm
and Sun: 2:30 pm

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us | Connect.in.com

© 2009 IBNLive.com India. All Rights Reserved. A Web18 Venture

CNN name, logo and all associated elements ® and © 2009 Cable News Network LP, LLLP. A Time Warner Company. All rights reserved. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.

Site powered by URBANEYE