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Geithner named Treasury Secretary

From NBC's Domenico Montanaro
Tim Geithner was officially named Treasury Secretary by President-elect Obama's transition team. Several other members of the Obama White House economic team were also named. Included in that list is Larry Summers, the controversial former Harvard president but also a highly respected economic mind, as director of his National Economic Council.

Also, Christina Romer will serve as director of the Council of Economic Advisors. On other domestic policy, Melody Barnes was named director of Obama's Domestic Policy Council. Heather Higginbottom will be her deputy.

Video: Saying he intends to move "swiftly and boldly," President-elect Barack Obama officially announces his nominees for treasury secretary, Council of Economic Advisors Chair and National Economic Council Director.

"Vice President-elect Biden and I have assembled an economic team with the vision and expertise to stabilize our economy, create jobs, and get America back on track," Obama said in a statement moments before his second news conference since winning the presidential election Nov. 4th. " Even as we face great economic challenges, we know that great opportunity is at hand -- if we act swiftly and boldly. That's the mission our economic team will take on." 

Bios, per the transition team, after the jump as is our cabinet speculation list:

Timothy F. Geithner, Secretary of the Treasury
Timothy Geithner currently serves as president and CEO of the Federal Reserve Bank of New York, where he has played a key role in formulating the nation's monetary policy. He joined the Department of the Treasury in 1988 and has served three presidents. From 1999 to 2001, he served as Under Secretary of the Treasury for International Affairs. Following that post he served as director of the Policy Development and Review Department at the International Monetary Fund until 2003. Geithner is a graduate of Dartmouth College and the Johns Hopkins School of Advanced International Studies.

Lawrence H. Summers, Director of the National Economic Council
Lawrence Summers is currently the Charles W. Eliot University Professor at Harvard University. Summers served as 71st Secretary of the Treasury from 1999 to 2001 and as president of Harvard from 2001 to 2006. Before being appointed Secretary, Summers served as Deputy and Under Secretary of the Treasury and as the World Bank's top economist. Summers has taught economics at Harvard and MIT, and is a recipient of the John Bates Clark Medal, awarded to the American economist under 40 judged to have made the most significant contribution to economics. Summers played a key advisory role during the 2008 presidential campaign.

Christina D. Romer, Director of the Council of Economic Advisors
Christina Romer is the Class of 1957 Professor of Economics at the University of California, Berkeley, where she has taught and researched since 1988. Prior to joining the faculty at Berkeley, Romer was an assistant professor of economics and public affairs at Princeton University's Woodrow Wilson School of Public and International Affairs. Romer is co-director of the Program in Monetary Economics at the National Bureau of Economic Research and has been a visiting scholar at the Board of Governors of the Federal Reserve System.

Melody C. Barnes, Director of the Domestic Policy Council
Melody Barnes is co-director of the Agency Review Working Group for the Obama-Biden Transition Team, and served as the Senior Domestic Policy Advisor to Obama for America. Barnes previously served as Executive Vice President for Policy at the Center for American Progress and as chief counsel to Senator Edward M. Kennedy on the Senate Judiciary Committee from December 1995 until March 2003.

Heather A. Higginbottom, Deputy Director of the Domestic Policy Council
Heather Higginbottom served as Policy Director for Obama for America, overseeing all aspects of policy development. From 1999 to 2007, Higginbottom served as Senator John Kerry's Legislative Director. She also served as the Deputy National Policy Director for the Kerry-Edwards Presidential Campaign for the primary and general elections. After the 2004 election, Higginbottom founded and served as Executive Director of the American Security Project, a national security think tank. She started her career as an advocate at the national non-profit organization Communities in Schools. 

OUR OBAMA CABINET SPECULATION LIST:
-- Chief of staff: Rahm Emanuel NAMED (Deputy chiefs of staff: Jim Messina NAMED, Mona Sutphen NAMED)
-- Senior advisers: Valerie Jarrett NAMED, Peter Rouse NAMED, David Axelrod NAMED
-- Political Director: Patrick Gaspard NAMED
-- Assistant to the president for legislative affairs: Phil Schiliro NAMED
-- White House counsel: Greg Craig NAMED
-- Press secretary: Robert Gibbs NAMED
-- Communications Director: Ellen Moran NAMED (Deputy: Dan Pfeiffer NAMED)
-- Biden chief of staff: Ron Klain NAMED
-- Staff secretary: Lisa Brown NAMED
-- Cabinet secretary: Chris Lu NAMED
-- Michelle Obama's Chief of Staff: Jackie Norris NAMED / Deputy: Melissa Winter NAMED
-- Special Asst to the President/White House Social Secretary: Desirée Rogers NAMED

POTENTIAL CABINET MEMBERS:
Agriculture:
Tom Vilsack, Tom Buis (Natl Farmers Union), Charlie Stenholm, Jim Leach, Stephanie Herseth Sandlin, Marshall Matz, John Boyd Jr. (pres, Natl Black Farmers Assn)
Commerce: Bill Richardson CONFIRMED BY NBC NEWS, Penny Pritzker (reportedly turned down the position), Kathleen Sebelius, John Thompson (Symantec), Ron Kirk (former Dallas mayor), Scott Harris (Harris, Wiltshire & Grannis fndr)
Defense: Robert Gates, Richard Danzig, Chuck Hagel, Sam Nunn, Jack Reed, Colin Powell, John Hamre, Tim Roemer, Thomas Pickering, Anthony Zinni, Max Cleland, Michele Flounoy, Gen. James Jones
Education: Joel Klein (NYC), Linda Darling-Hammond, Kathleen Sebelius, Colin Powell, Jim Hunt, Arne Duncan, Inez Tenenbaum, Michael Bennett, George Miller, Gaston Caperton (fmr WV gov), Bambi Cardenas (pres, U TX-Pan Am, Susan Castillo (OR supt), Michael Cohen (pres, Achieve), Christopher Edley (dean, UC-Berkeley), Michael Johnston (dir, Mapleton Expeditionary Schl of the Arts), VA Gov. Tim Kaine, Michelle Rhee (DC), Sharon Robinson (pres, Assn of Colls for Tchr Ed), Andrew Rotherman/Jonahtan Schnur (fmr Clinton advisers), Diane Shust (dir, NEA govt rels), Paul Vallas (supt, New Orleans Recovery Schl Dist), Bob Wise (fmr WV gov), Ray Mabus (fmr MS gov)
Energy: Dow Chemical CEO Andrew Liveris, Kathleen Sebelius, Philip Sharp, Ed Rendell, Arnold Schwarzenegger (has said no), Al Gore, Jeff Bingaman, Jennifer Granholm, Steve Westly, Frederico Pena, Dan Reicher, Jason Grumet, Ray Mabus (fmr MS gov)
HHS: Tom Daschle CONFIRMED BY NBC NEWS, Howard Dean (reportedly ruled out), Eric Whitaker, John Kitzhaber, Kathleen Sebelius
Homeland Security: Janet Napolitano LIKELY, PER NBC NEWS, Ray Kelly (NY), William Bratton (L.A.), Tim Roemer, James Lee Witt, Tom Kean Sr, Jane Harman, Artur Davis, Richard Clarke, Manny Diaz, Maine Sen. Olympia Snowe, Susan Collins, Lee Hamilton (though he said he's too old), Jamie Gorelick
HUD: Manny Diaz (Miami mayor), Shirley Franklin (Atlanta mayor), Saul Ramirez, Jim Clyburn (reportedly not interested)
Interior: Rep. Raul M. Grijalva (D-AZ), Bill Richardson, Jay Inslee, John Kitzhaber, Tony Knowles, Ken Salazar, Jamie Rappoport Clark, Brian Schweitzer
Justice (AG): Eric Holder CONFIRMED BY NBC NEWS, Janet Napolitano, Charles Ogletree, Deval Patrick, James Comey, Patrick Fitzgerald, Artur Davis, Tim Kaine, Jamie Gorelick (but was vice chair of Fannie), Ken Feinberg, Cass Sunstein, Kathleen Sullivan (Stanford Law prof, possible Solicitor General. Also possible SGs: Beth Brinkmann-DC Atty; Preeta Bansal-Skadden, Arps; Elena Kagan-Harvard law dean; Pamela Karlan-Stanford; Teresa Wynn Roseborough-MetLife litigation counsel)
Labor: Kathleen Sebelius, Andy Stern (SEIU) (said not interested), Richard Gephardt, George Miller, David Bonior (said he's not interested, suggested: American Rights at Work Executive Director Mary Beth Maxwell), Xavier Becerra, Linda Chavez-Thompson, Antonio Villaraigosa
State: Hillary Clinton CONFIRMED BY NBC NEWS, Jim Steinberg (deputy) CONFIRMED BY NBC NEWS,  John Kerry, Bill Richardson, Richard Lugar, Chuck Hagel, Richard Holbrooke, Chris Dodd, Thomas Pickering, Al Gore, Colin Kahl (CNAS fellow), Tom Daschle
Transportation: Ed Rendell, Jane Garvey, Mortimer Downey, Earl Blumenauer, Steve Heminger, James Oberstar, Peter DeFazio, Federico Pena, Jeanette Sadik-Khan, Tim Kaine,  John Hickenlooper (Denver mayor), Ron Sims (King County (WA) Executive), Doug Foy (Fmr pres, Convservation Law Fndtn), Parris Glendening (Fmr Gov MD)
Treasury: Tim Geithner CONFIRMED BY NBC NEWS, Paul Volcker, Robert Rubin, Jon Corzine, Warren Buffett, Michael Bloomberg, Laura Tyson, Jamie Dimon (JP MorganChase), Jacob "Jack" Lew, Sheila Bair, Indira Nooyi, John Thain (Merrill Lynch)
Veterans Affairs: Max Cleland, Tammy Duckworth, Chet Edwards, Arnold Fisher (fmr Fisher House Fndtn chair), James Peake, William Bratton, Anthony G. Brown (MD Lt Gov)
 
OTHER POSITIONS:
National Economic Council Director:
Larry Summers NAMED
Council of Economic Advisers: Christina Romer (chair), NAMED, Dan Tarullo, Jacob "Jack" Lew, Jason Furman, Austan Goolsbee, Laura Tyson
Natl Sec Adviser: Gen. James L. Jones (Deputy: Tom Donilon) CONFIRMED BY NBC NEWS, Jim Steinberg, Rand Beers, Susan Rice, Greg Craig
NSC: Dennis Ross, Greg Craig, Susan Rice, Tony Lake
OMB: Peter Orszag CONFIRMED BY NBC NEWS, John Spratt Jr, Gene Sperling, Jason Furman
White House Domestic Policy Council Director: Melody Barnes NAMED (Domestic Policy Council Deputy Director: Heather A. Higginbottom NAMED)
CIA: Tony Lake, John Brennan, Chuck Hagel, Michael Hayden, Jami Miscik (fmr CIA dep dir for Intel)
DNI: Tony Lake, John Brennan, Tim Roemer, Rand Beers, Jane Harman, John Abizaid, Evan Bayh
FEMA: James Lee Witt
EPA: Howard Learner (Pres, Exec. Dir, Environmental Law and Policy Center), Ian Bowles (MA), RFK Jr, Kathleen Sebelius, Kathleen McGinty (former secretary of Pennsylvania's Department of Env Protection), Mary Nichols (chair of California's Air Resources Board), Robert Sussman, Dan Esty, Lisa Jackson (NJ environ commission)
FBI: Robert Mueller (term expires 2011)
Fed Chair: Ben Bernanke (at least for first year)
FDA: Steven Nissen (Cleveland Clinic), Joshua Sharfstein (Baltimore health commissioner), Janet Woodcock (Big Pharma's choice), Susan Wood (GWU occupational and environmental health professor), Diana Zuckerman (president, National Research Center for Women & Families) Joint Chiefs: Michael Mullen (term ends in late 2009, can expect to be appointed for second term, per tradition)
Peace Corps: Chris Shays
UN Ambassador: Caroline Kennedy, Susan Rice, Ray Mabus (fmr MS gov)
USTR: Cal Dooley (American Chemistry Council president), Daniel K. Tarullo (Georgetown University law professor), Lael Brainard (Brookings Institution vice president), Thomas F. "Mack" McLarty (fmr Clinton White House chief of staff)
Climate: Terry Tamminen (climate change, adviser to Schwarzenegger), Al Gore, Carol Browner (Audobon Society), Jonathan Lash (World Resources Inst), Kathleen McGinty, Janet Napolitano, Mary Nichols, Kathleen Sebelius
Auto Czar: Jennifer Granholm
Secretary of the Army: Mortimer Downey
 
Other mentions for various White House staff posts: Patti Solis Doyle, David Wilhelm, John Rogers, Bill Daley, Cass Sunstein, Bob Bauer, Michael Froman, Federico Pena, Lawrence J. Korb, Carol Browner (Clinton's EPA head), Thomas Perrelli, David Ogden