Obama defends selection of Washington insiders in his administration.Byline: ANI
Chicago, Nov.27 (ANI): US President-elect Barack Obama has defended his decision to select people with an inside working knowledge of Washington, especially those selected for his new economic team.
"I suspect the American people An American people may be:
"What we're going to do is combine experience with fresh thinking. We need people who will be able to hit the ground running," Obama added.
Volcker, 81, will head Obama's Economic Recovery Advisory Board, which will advise him on ways to create jobs and bring stability to the ailing financial system. He is just one of many familiar names in Washington whom Obama ias tapped to join the next administration.
The board's top staff official will be Austan Goolsbee Austan D. Goolsbee is an economist and is currently the Robert P. Gwinn Professor of Economics at the University of Chicago Graduate School of Business. He is also a Research Fellow at the American Bar Foundation , a University of Chicago economist and longtime Obama adviser.
On Tuesday, Obama introduced Congressional Budget Office The Congressional Budget Office (CBO) is responsible for economic forecasting and fiscal policy analysis, scorekeeeping, cost projections, and an Annual Report on the Federal Budget. The office also underdakes special budget-related studies at the request of Congress. Director Peter Orszag as his candidate to run the White House Office of Management and Budget The Office of Management and Budget (OMB), formerly the Bureau of the Budget, is an agency of the federal government that evaluates, formulates, and coordinates management procedures and program objectives within and among departments and agencies of the Executive Branch. . The president-elect also pledged a "page-by-page, line-by-line" budget review to root out unneeded spending.
On Monday, Obama tapped New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Federal Reserve President Tim Geithner to be his treasury secretary and named several other top economic advisers.
With his economic team largely complete, Obama is expected to introduce his national security officials, including Hillary Rodham Rodham is an English surname which may refer to a number of persons or places. People
Family of Hillary Rodham Clinton
Obama also is expected to announce that he has asked Defense Secretary Robert Gates to remain at the Pentagon for a year and that James Jones, a former Marine Corps commandant and NATO commander, will be national security adviser. (ANI)
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