On the heels of his pick for Treasury Secretary, president-elect Obama is set to introduce key members of his Cabinet picks on Monday, according to the NY Times:
On Monday, Mr. Obama plans to introduce his economic team, starting with his Treasury secretary, Timothy F. Geithner. News that Mr. Geithner, the president of the Federal Reserve Bank of New York, would get the job helped send the stock market up by nearly 500 points on Friday after days of sharp losses.
Leaders from twenty nations will convene in Washington today and tomorrow to discuss the state of the global economy, and hash-out future efforts to quell an economic crisis that has affected most of the globe. What makes this meeting interesting is the U.S. is on the cusp of changing leaders — a shift that has many global economies looking for clues to what U.S. economic policies may be in store in the near future.
A clear-cut, decisive strategy to sure up global economies could play very well for the markets, but whether that could be accomplished in less than 48 hours of discussion is unlikely: Read the rest of this entry »
HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.
