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Entries tagged "transition 2009"Obama starts keeping campaign promises on day oneDay one: President Barack Obama is wasting no time in fulfilling his campaign promises, and his first public act in office Wednesday was to freeze the salaries of senior White House staffers, tighten rules on lobbying and present a more transparent government.... A taxing confirmation process for GeithnerA Senate hearing to confirm Timothy Geithner as secretary of the Treasury Department has been delayed until Jan. 21 after some Republicans objected to a hearing scheduled for the end of the week because of questions over the nominee's taxes and housekeeper, whose immigration papers briefly expired while working for his family. Despite the concerns brought up by Republicans, Senate Finance Committee Chairman Max Baucus said on Wednesday he believed Geithner would win approval. ... Obama to tap the TARPIt appears that Barack Obama plans to hit the ground running with Troubled Asset Relief Plan money in his pocket when he's sworn in next week, as the president-elect has asked the Bush administration to notify Congress on the executive branch's intentions to seek the remaining $350 billion in financial rescue funds. ... Will Maxim keep Steve Rattner from becoming car czar?Any college student can tell you that loud music, pretty girls and cars all go together, but it could be the combination of the three that prevents private equity dealmaker Steven Rattner from becoming Barack Obama's first car czar. ... Obama crowns constitutional scholar as regulatory czarWith regulatory overhaul a priority of the Obama administration, the president-elect has tapped a former colleague and friend from the University of Chicago to become the regulatory czar in his administration.... Obama outlines stimulus, regulatory changesJust 12 days before taking the oath of office, President-elect Barack Obama seemed extremely presidential when he called on Congress to act quickly on an economic stimulus plan, saying a big package of spending and tax cuts will be costly but necessary to restart U.S. growth. ... Dodd schedules Schapiro's confirmation hearingSenate Banking Committee Chairman Christopher Dodd (pictured) is wasting no time in moving President-elect Barack Obama's financial services nominees ahead for confirmation. On Wednesday Dodd scheduled a hearing for Jan. 15 to review key economic policy nominees including Mary Schapiro, who is expected to head the Securities and Exchange Commission. ... Obama taps McKinsey alum for new econ postPresident-elect Barack Obama is not only filling federal agency and Cabinet posts, he's creating new ones. On Wednesday Obama named Nancy Killefer to the post of "chief performance officer," a newly created economic position that will oversee the federal budget and reform government. ... Mr. Dimon goes to Washington?How bad would the upcoming fourth-quarter earnings call have to be for J.P. Morgan Chase & Co. chief Jamie Dimon to jump ship and join the Obama administration? The answer: a horrific loss that would force the government to intervene akin to the Citigroup Inc. bailout last month. The odds of it happening? These days, anything could happen. However, most Wall Street observers don't expect such a deep loss, but no one told Chicago Sun-Times columnist Michael Sneed who thinks Dimon is Obama's likely pick for the secretary of the Commerce Dept.... Christopher Cox and the decline of the SECIt's pretty easy to beat up the Securities and Exchange Commission's Christopher Cox. From the failure to anticipate Lehman Brothers Holdings Inc. collapse to his feckless pursuit of rumor-mongers and shorts to his powerlessness in bureaucratic turf wars with Treasury and the Federal Reserve, he has looked increasingly lame and passive. But the coup de grace, the admission that the SEC had some concerns about Bernie Madoff, which were repeatedly ignored, actually elicits mild sympathy for Cox. The first concern about Madoff registered nine years ago, which, if memory serves, was Arthur Levitt's SEC. Cox inherited a regulatory institution that... Obama builds team to reform SEC, CFTCAs investors lose confidence in the government's financial watchdogs, President-elect Barack Obama named Mary Schapiro to head the Securities and Exchange Commission, Gary Gensler as head of the Commodity Futures Trading Commission and Daniel Tarullo to the Federal Reserve Board. ... Obama on Big Three: 'Made repeated strategic mistakes'President-elect Barack Obama appearing on NBC's "Meet the Press" on Sunday made his case clear that he is in favor of some form of an auto bailout with certain parameters. "Millions of people, directly or indirectly, are reliant on that industry, and so I don't think it's an option to simply allow it to collapse," Obama said. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "transition 2009." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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