Obama Win Met with Urgent Call for Global Action - Treasury Tasks
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TREASURY TASKS
Obama is expected to move quickly to appoint his top team.
The next Treasury secretary, who could be named within days, will
inherit one of the hottest seats in Washington, faced both with
piloting a $700 billion bailout package and the regulatory reform
needed to prevent a repeat of the crisis.
The shortlist likely includes former Treasury Secretary Lawrence
Summers, ex-Federal Reserve Chairman Paul Volcker and Timothy Geithner,
head of the Federal Reserve Bank of New York.
Obama has advocated a second government stimulus package worth $175
billion that would include money for investments in infrastructure as
well as another round of tax rebates.
The U.S. Treasury is expected to announce on Wednesday the return of
the three-year note when it sets out plans for borrowing that could
total $2.1 trillion in the current fiscal year to fund its massive
bailout program.
(Additional reporting by Reuters bureaus worldwide; Editing by Mike Peacock and Brian Moss)
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