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President-elect Barack Obama will name Timothy F. Geithner to be his Treasury Secretary, according to a knowledgeable Democrat.
Friday, November 21, 2008 Last Update:
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Fed Official Seen as Choice for Treasury SecretaryStocks Soar on News of Choice for TreasuryWall Street surged on Friday afternoon after news reports that Timothy F. Geithner would be chosen to be secretary of the Treasury. 
Todd Heisler/The New York Times
Two confidants said Hillary Rodham Clinton, pictured with Barack Obama in July, will give up her Senate seat and accept the nomination for secretary of state after talks with the president-elect about her role. More Political News
Citigroup, Under Siege, Holds Talks With U.S.Executives and officials weighted a number of options including whether to replace Citigroup’s leadership or sell all or part of the company. At Exile Meeting, Tibetans Debate Making a Push for IndependenceLong associated with the Dalai Lama and his “middle way,” the exile movement has reached a crossroads. Auto Show
Nebraska Revises Child Safe Haven LawThe revision to a law permitting parents to hand children over to state custody limits its reach to infants. New Twist in Appeal of Ex-Alabama GovernorAccusations from a Justice employee buttress Democrats’ claims that the case against Gov. Don Siegelman was politically tainted. Europeans Grow Roots in Williamsburg, BrooklynWilliamsburg, known for attracting hipsters and Midwesterners, is being transformed by an influx of affluent buyers from Western Europe. The Magazine | The Screens Issue
If You Liked This, Sure to Love ThatBasement hackers and amateur mathematicians are competing to improve the program that Netflix uses to recommend DVDs — and to win $1 million in the process.
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