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  Dems split over Treasury choice
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ContributorMonsieur 
Last EditedMonsieur  Nov 07, 2008 05:48am
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News DateFriday, November 7, 2008 11:00:00 AM UTC0:0
DescriptionAs Barack Obama faces mounting pressure to announce his economic team, Democrats are split over two of the leading candidates for Treasury secretary: New York Federal Reserve Chairman Timothy Geithner and former Clinton Treasury Secretary Lawrence Summers.

The different camps give a glimpse of the tough choices Democrats faces as they confront the challenge of governing during a time of deep economic anxiety.

Other names being tossed around for the top economic post include former Federal Reserve Chairman Paul Volcker, former Clinton Deputy Treasury Secretary Roger Altman, Federal Deposit Insurance Corp. chairwoman Sheila Bair and Chicago venture capitalist David Vitale.

Economic insiders consider Summers and Geithner the most serious contenders. “I’ll fall out of my chair if it’s not one of the two,” said a former senior Treasury official.
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