Lawrence Summers, President Barack Obama's closest economic adviser, broke a long public silence Friday, asserting that today's economic problems stem from an unsustainable financial model and defending heavy deficit spending as a necessary evil to restore the economy. ...more

March 14, 2009

The Senate on Monday confirmed New York Federal Reserve Bank chief Timothy Geithner as President Barack Obama's treasury secretary despite tax problems that might have sunk his nomination in less desperate times. ...more

January 26, 2009

House Speaker Nancy Pelosi appears to differ from Barack Obama on at least two issues - tax increases and investigating the Bush administration. ...more

January 19, 2009

Barack Obama has succeeded where Hillary Clinton failed. She hoped to win a third Clinton term, but it is her vanquisher who is reconstituting the Clinton administration. Obama's just-named nominee for treasury secretary, Timothy Geithner, served under Clinton Treasury Secretaries Robert Rubin and Larry Summers. Summers is Obama's choice to head the National Economic Council. Both are part of Rubin's circle, known for its brains and its relative moderation. ...more

November 29, 2008

Eager to calm economic anxieties, President-elect Barack Obama is rolling out an economic vision that will require congressional cooperation even before he settles into his new desk in the White House's Oval Office. ...more

November 24, 2008

President-elect Barack Obama will announce the leaders of his economic team Monday, naming Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council, transition officials said. ...more

November 23, 2008