Geithner for Treasury
More Friday fodder for Sunday morning:
President-elect Barack Obama has selected Timothy Geithner as Treasury secretary, charging the respected head of the New York Federal Reserve with pulling the United States out of an economic nosedive, NBC news reported on Friday.
A senior Democrat told Reuters in Washington that Obama wanted Geithner for the Treasury job, but had yet to make a offer. He did confirm that Summers was no longer under consideration.
"Summers is off the list," the source said.
Thank heaven for small mercies, though I don't suppose that's why stocks jumped.
The whole economic team comes next week.