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Obama sets about selecting his administration

 Obama sets about selecting his administration
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With no time to ponder the magnitude of his victory in the US presidential election, Barack Obama is busy putting together his team to deal with a decidedly difficult political inheritence.

The President-elect has already attended a top secret briefing from the Director of National Intelligence, Mike McConnell, and from Thursday will start receiving the president’s daily CIA briefings, which will include updates on covert operations.

The president has offered the job of Chief of Staff to Rahm Emanuel of Illinois, former adviser to Bill Clinton, a man renowned for his straight talking.

As global recession looms, Obama is at work filling key economic posts and may well announce his Treasury Secretary within 24 hours.

Timothy Geithner, President of the Federal Reserve Bank of New York, is in the running for the post as is former Treasury Secretary Lawrence Summers and former Federal Reserve Chairman Paul Volcker. All three have the experience to manage a difficult portfolio.

Whoever gets the treasury job will be faced with guiding the $700 billion economic bailout package and the regulatory reform needed to prevent a repeat of the current crisis.