Secretary of the Treasury
In the job: Timothy F. Geithner
Economist Tim Geithner assumed the role at the Treasury Department in 2009 after serving as president of the Federal Reserve Bank of New York. Geithner has been a crucial adviser on global economic woes, U.S. recovery from recession, the auto bailout, and efforts to toughen Wall Street regulation and deal with shaky credit and housing markets. Geithner has said that he would step down after the inauguration.
Contender: Jack Lew
Two Democratic sources say that Lew is likely to be nominated to replace Tim Geithner, but one knowledgeable source says that any changes on the economic team are likely to be put on hold until there is a clearer picture of fiscal cliff negotiations. Lew is greatly trusted by Obama and would bring with him extensive knowledge from his time on Capitol Hill, at the State Department and in the White House.