Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Tunisia's Parliament votes on new Government

Read more

MEDIAWATCH

French court rules #burkini ban "clearly illegal"

Read more

THE WORLD THIS WEEK

Biden in Turkey, Colombia Peace Deal, Ethiopia Olympic Protest (part 2)

Read more

THE WORLD THIS WEEK

Earthquake in Italy, French Burkini Ruling (part 1)

Read more

FRANCE IN FOCUS

The hidden secrets of Les Invalides

Read more

FOCUS

Pro-Opposition stronghold Port-Gentil feverishly awaits presidential elections

Read more

ENCORE!

Alexis Michalik: treading the boards in the footsteps of 'Edmond'

Read more

REPORTERS

Getting away with murder in DR Congo

Read more

IN THE PAPERS

'Why does Italy refuse to see the seismic risk?'

Read more

Obama's economic wizards

Video by Pierre Ludovic VIOLLAT , Mary MAC CARTHY

Text by Mary MAC CARTHY

Latest update : 2009-01-20

A look at Obama's economic team, what it has done even before taking office, and the challenges awaiting them.

On January 10, 2009, Barack Obama said of his plans for tackling the economy: "This is an extraordinary challenge... Which is why I've taken the extraordinary step of working, even before I take office."

Since the day he was elected,  Barack Obama has said the economy will be his top priority.

The first cabinet appointments he announced were the leaders  of his economic dream team.

Timothy Geithner, who will become the new secretary treasury, is the president of the New York Federal Reserve Bank, and has a strong background in saving struggling companies.

Larry Summers was chosen to head the White House National Economic Council. Treasury secretary under Bill Clinton, Summers faces the task of finding a strategy to create new jobs.

Obama and his economic advisers are already influencing policy on Capital Hill. In late 2008, they supported Democrats in Congress as they drew up a bail-out plan for the ailing auto industry - a plan rejected by Republican Senators, but pushed through by President Bush.

Obama has now proposed his own stimulus plan of 825 billion dollars, on top of the 700 billion bailout for the financial sector launched by the Bush administration in late 2008.

Date created : 2009-01-20

COMMENT(S)