AP sources: Obama names Geithner to treasury, Summers as head of National Economic Council
NEW YORK (AP) -- Obama transition officials say the president-elect has chosen New York Federal Reserve President Timothy Geithner to be treasury secretary.
Obama has also named Lawrence Summers, a former treasury secretary under Bill Clinton and one-time president of Harvard University, to lead the National Economic Council.
Both men will appear with Obama at a press conference in Chicago Monday. Geithner will be the top Cabinet official leading the Obama administration's response to the global economic crisis and credit crush.
Summers will advise Obama from the White House. He'll direct the response to the economic meltdown across federal agencies.
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