2008-11-21 Obama expected to tap Geithner for Treasury

2008-11-21 Jeanne Sahadi CNN \Barack Obama/transition\Timothy Geithner\US Treasury Secretary. http://money.cnn.com/2008/11/21/news/economy/earlyreport_obama_treasury_pick_Geithner/index.htm Obama expected to tap Geithner for Treasury Obama expected to tap Geithner for Treasury  President-elect Barack Obama is expected to nominate New York Federal Reserve President Timothy Geithner for Treasury Secretary. ... Geithner has played a central role in the government's efforts to wrangle the credit crisis, which has damaged markets and economies worldwide. While a number of those efforts have been controversial, Geithner remains a well-regarded figure from Wall Street to Washington. In the wake of the Geithner news, stocks soared in late-day trade on Friday. The Dow closed nearly 500 points higher, pushing back above 8,000, after a dismal week. Many believe the post of Treasury Secretary will be the most important in the next administration's cabinet. And indeed, Geithner would inherit one of the toughest jobs in Washington.

&ldquo;President-elect Barack Obama is expected to nominate New York Federal Reserve President Timothy Geithner for Treasury Secretary.&rdquo;   