Obama Team on Economic Plan

WASHINGTON (AP) - For more than two weeks, the Obama transition
team has been virtually silent on the economy. Not any more.
Aides to the president-elect burst forth on the Sunday talk
shows with a sense of urgency. They're calling on Congress to pass
a massive two-year spending and tax-cutting recovery program. And
they want it done by inauguration day.
Democratic congressional leaders say they will get to work when
Congress convenes Jan. 6.
Though Obama aides declined to discuss a total cost, experts say
it will probably far exceed the $175 billion he proposed during the
campaign. Some economists and lawmakers have argued for as much as
$700 billion, equal to the Wall Street bailout.
Obama plans to introduce his economic team tomorrow, including
Timothy Geithner (GYT'-nur) as treasury secretary and Lawrence
Summers as head of the National Economic Council. Obama also has
settled on New Mexico Gov. Bill Richardson as his commerce
secretary.