According to a recent CNN poll, 41% of Americans believe the Secretary of the Treasury will be the most important cabinet member in Obama's administration. The next Treasury Secretary will certainly have a lot of work cut out for him or her, given the country's current economic situation. A key role for the new secretary will be overseeing and allotting the $700 billion bailout.
Currently, New York Federal Reserve President Timothy Geithner and former Treasury Secretary Lawrence Summers have emerged as the leading candidates for the position. Both men have a lot of experience to bring to the position, as listed in the infographic above. However, both are facing their share of controversy as well, as Summers offended many women and African Americans during his shaky term as president of Harvard and Geithner has close ties to the current Treasury Secretary Henry Paulson and many question his prominent role in this and other international bailouts. For more information on these controversies, read this New York Times article from Nov. 7.
Other possible future Treasury secretaries include Federal Deposit Insurance Corp. Chairwoman Sheila Bair, former Treasury Secretary Robert Rubin, and New Jersey Gov. Jon Corzine, who is also a former CEO of Goldman Sachs.
1 comment:
Original inforgraphic, 200 words, poll
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