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Breaking News: Barrack Obama's Picks for Top Government Positions
President-elect Barack Obama picked Timothy Geithner, current head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting an unspecified senior White House. Senator Hillary Clinton and former Energy Secretary Bill Richardson have also all accepted posts in President-elect Barack Obama's cabinet, according to various media reports:
- Hillary Clinton - Secretary of State, (source: the New York Times).
- Bill Richardson - Secretary of Commerce (source: NBC News)
- Tim Geithner - Secretary of Treasury (source: Bloomberg)
DJIA was up significantly after Tim Geithner got the job. All picks appear to be wise choices suitable for current economic situation. All have significant experiences to help Obama sailing his first term. Results remain to be seen.
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