Articles Tagged with ''Council on Foreign Relations''

Geithner Testifies: Calls for Tougher Bailout Terms

President Obama's Treasury Secretary-designate Tim Geithner called for aggressive action in tackling the economic downturn during his testimony before the Senate Finance Committee at his confirmation hearing Wednesday morning. "Senators, the ultimate costs of this crisis will be greater, if we don not act with sufficient strength now," Geithner's testimony read. "In a crisis of this magnitude, the most prudent course is the most forceful course."
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Obama Names Former Fed Chairman to New Advisory Board

President-elect Barack Obama hasn't taken any vacation days this week as he names critical staff and advisors he will come to rely on during the next four years of his administration. In a press conference Wednesay -- the third day in a row he has held a press conference -- he named an advisor that will assist him in a new board designed to lead the economy out of crisis and into recovery: a man commonly credited with having led the early 1980s economy into a recession -- former Federal Reserve chairman Paul Volcker.
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Obama's "Dream Team" Takes Shape

They've been called "the dream team" -- dubbed by supporters as brilliant, outstanding and exceptionally talented, President-elect Barack Obama unveiled nominations for his administration's economic team Monday. Among them is current New York Federal Reserve President Timothy Geithner, who Obama has tabbed as the next secretary of the U.S. Treasury, a position that will undoubtedly shape the tenor of the mortgage financial market for the next four years.
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