Obama Gets Down to Business

The Barack Obama team is swiftly dismantling his presidential campaign network and getting the framework in place for the transfer of power, the Washington Post reports. Economic issues are taking priority and the president-elect may announce his Treasury secretary as soon as today. Sources say New York Fed Chief Timothy Geithner, former Treasury secretary Lawrence Summers and former Federal Reserve Chairman Paul Volcker are likely picks.

Bush and Obama show early sign of being willing to work together. Obama has been invited to visit the White House as soon as possible, and Condoleezza Rice pledged to do all in her power to ensure a smooth transition. The Pentagon has cleared dozens of desks for an expected influx of Obama aides. Intelligence chief Mike McConnell will give the president-elect his first security briefing today.
(More Treasury secretary stories.)