President-Elect Barack Obama Selects Timothy Geithner, Treasury Secretary , and Hillary Clinton, Secretary Of State / Reuters News & Media Inc..
President-Elect Barack Obama Selects New York Federal Reserve Head Timothy Geithner For Treasury Secretary And Hillary Clinton Expected To Accept Offer To Become Secretary Of State. President-Elect Barack Obama Moved Closer On Friday (November 21) To Filling Key Cabinet Positions With The Selection...
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[Place of publication not identified] :
Reuters News & Media Inc.,
[2008]
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| Summary: | President-Elect Barack Obama Selects New York Federal Reserve Head Timothy Geithner For Treasury Secretary And Hillary Clinton Expected To Accept Offer To Become Secretary Of State. President-Elect Barack Obama Moved Closer On Friday (November 21) To Filling Key Cabinet Positions With The Selection Of Timothy Geithner For Treasury Secretary And Reports That New York Sen. Hillary Clinton Had Accepted The Post Of Secretary Of State. The New York Times Reported That Clinton Had Accepted Obama'S Offer , Bringing His One-Time Main Democratic Rival Into A Pivotal Role In His New Administration. Clinton Has A Global Profile Both As A Political Leader In Her Own Right And As The Wife Of Former U.S. President Bill Clinton. Policy Analysts Say Her Selection Could Mean A More Hawkish U.S. Stance, Noting That She Was More Reluctant Than Obama To Commit To A Firm Timetable For Withdrawing U.S. Troops From Iraq. In Other Appointments, President-Elect Barack Obama Has Selected Timothy Geithner As Treasury Secretary, Charging The Respected Head Of The New York Federal Reserve With Pulling The United States Out Of An Economic Nosedive, Nbc News Reported On Friday. Geithner, 47, Had Been Seen As One Of Two Main Candidates For The Job Along With Former Clinton Administration Treasury Chief Lawrence Summers. U.S. Stocks Soared On The News, Pushing Major Indices Up More Than 6 Percent. The Dow Jones Industrial Average Closed Above 8,000, An Important Psychological Trading Level. "I Think That'S A Positive, He'S Got A Good Reputation On The Street," Alec Young Of Standard & Poors Said. Nbc Also Reported That New Mexico Gov. Bill Richardson -- Who Was One Of A Crowded Pack Of Democratic Presidential Hopefuls Early This Year -- Could Receive Obama'S Nod To Become Commerce Secretary. Richardson'S Elevation To The Cabinet Would Give The Obama Administration Its First High-Profile Hispanic Member As Its Main Liaison To The Business Community. Richardson Was A United Nations Ambassador And Energy Secretary Under Former President Bill Clinton. |
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| Item Description: | Originally released by Reuters News & Media Inc., 2008. Streaming video file encoded with permission for digital streaming by Infobase on June 29, 2020. |
| Physical Description: | 1 online resource (1 video file (2 min., 12 sec)) : sound. |
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