There are two more months to go before he is in office but Barack Obama has already launched himself into preparations for government.
The new president-elect will meet his economic team today and hold his first news conference since winning America’s top job.
He is also forming his new administration, using offices in central Chicago which he has borrowed from a friend.
And he is due to meet President George W.Bush next week who has already promised to make the handover of government as easy as possible.
“So over the next 75 days all of us,” said Bush, “must ensure that the next president and his team can hit the ground running. For more than a year now departments and agencies throughout the Federal government have been preparing for a smooth transition.”
As others prepare the site for his inauguration in January, Obama’s first appointment is already known. Rahm Emanuel – a brash veteran of President Clinton’s administration – is leaving his job in Congress to become Obama’s chief-of-staff.
But it is the job of Treasury Secretary that the world’s money markets are waiting for. Whoever gets that will have to guide both the multi-billion euro economic bail out package and the regulatory reform needed to help the US and the rest of the world climb out of the current financial black hole.