WASHINGTON, Dec. 13 (Xinhua) -- U.S. President-elect
Barack Obama said Saturday that he has chosen Shaun Donovan, New York City's
housing commissioner, to be his secretary of Housing and Urban Development
(HUD).
He made the announcement in weekly radio address.
President-elect Barack Obama speaks to
host Tom Brokaw during a taping of "Meet the Press" at the NBC Tower in
Chicago, Illinois December 6, 2008. Obama discussed his plans for the
economy, the war in Iraq, and his cabinet choices during the
taping. (Xinhua/Reuters File Photo) Photo Gallery>>>
"As commissioner of housing preservation and
development in New York City, Shaun has led the effort to create the largest
housing plan in the nation, helping hundreds of thousands of our citizens buy or
rent their homes," Obama said.
He noted that the HUD is essential in the effort to
address the mortgage crisis, which he said "not only shakes the foundation of
our economy, but the foundation of the American Dream."
"Trained as an architect, Shaun understands housing
down to how homes are designed, built, and wired," Obama said.
"He knows that we can put the dream of owning a home
within reach for more families, so long as we're making loans in the right way,
and so long as those who buy a home are prepared for the responsibilities of
home ownership," he added.
Born on Jan. 24, 1966, in New York, Donovan has
worked in business, academia and at the HUD during the Clinton administration.
U.S. President-elect Barack Obama is
flanked by Council of Economic Advisors Director-designate Christina
Romer(L), National Economic Council Director-designate Lawrence Summers
(R) as he announces the members of his economic policy team during a news
conference in Chicago, November 24, 2008.(Xinhua/Reuters
Photo) Photo
Gallery>>>
WASHINGTON, Nov. 24 (Xinhua) -- With the economy in
crisis, U.S. President-elect Barack Obama Monday unveiled his economic team pick
to shore up financial markets and tackle the worst financial crisis since the
Great Depression in 1930s.
NOMINATIONS OF ECONOMIC VETERANS
Timothy Geithner, the head of the Federal Reserve Bank of
New York will become secretary of the treasury, and former Treasury Secretary
Lawrence Summers will be head of the National Economic Council. Full story
WASHINGTON, Nov. 21
(Xinhua) -- Timothy Geithner, the current New York Federal Reserve head, was
named as the top candidate for U.S. President-elect Barack Obama's treasury
secretary, said a TV report on Friday.
According to NBC, the 47-year-old president of the Federal
Reserve Bank of New York was considered as one of the two most potential for the
key cabinet post, along with Lawrence Summers, the former Treasury chief in the
Clinton's administration. Full story
WASHINGTON, Nov.
21 (Xinhua) -- New York Senator Hillary Rodham Clinton has accepted offer to be
the next U.S. state secretary, joining her former presidential rival Barack
Obama's cabinet, according to a news report released on Friday.
Citing two of Clinton's associates, the New York Times
said in an online report that she made up her mind after additional discussions
with Obama about the nature of her role as the top U.S. diplomat and his foreign
policy plans.
WASHINGTON, Nov. 21 (Xinhua) -- U.S. New Mexico governor Bill Richardson, who
has turned from a rival to supporter for President-elect Barack Obama, appeared
as the most potential candidate for the next commerce secretary, said a TV
report on Friday.
According to NBC, Obama has nodded the appointment of
Richardson to the post but the official announcement would not be made before
the Thanksgiving holiday. Full story
WASHINGTON, Dec. 5 (Xinhua) -- U.S. President-elect Barack
Obama has nominated more White House staff, including his chief economic policy
adviser, his transition office said on Friday.
Jared Bernstein, a senior economist at the liberal
Economic Policy Institute, was named as Obama's chief economic policy adviser, a
newly-created post, as the country is facing the worst economic crisis since
1930s. Full story
