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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Obama adds senior staff to Treasury's thin ranks AFP - Monday, March 9 WASHINGTON (AFP) - - President Barack Obama on Sunday announced three key picks for the thinly staffed US Treasury Department, providing embattled Secretary Timothy Geithner much needed reinforcements at a time of economic crisis. ADVERTISEMENT Geithner has faced a shortage of senior-level manpower at the department as he wrestles with the worst US economic downturn in decades. Obama nominated David Cohen as assistant Treasury secretary for terrorist financing, Alan Krueger as assistant secretary for economic policy and Kim Wallace as assistant secretary for legislative affairs. "Out of crisis arises opportunity," the president said in a statement. "With the leadership of these accomplished individuals and our whole economic team, I am absolutely confident that we will turn around this economy and seize this opportunity to secure a more prosperous future." All three nominees have been serving as counselors to Geithner, whose own nomination ran into trouble over his tax affairs before he finally won Senate approval. Of the 15 key positions at Treasury that require Senate confirmation, only one has been filled. Stuart Levey, a leftover from the previous administration, serves as under secretary of the treasury for terrorism and financial intelligence and is not central to the crisis management. A Republican senior US senator, Judd Gregg, said the process of filling government's top ranks has become more difficult in recent years. "The problem is the system we set up," he said on Fox News Sunday. "We made it extremely difficult for the new administration to put people in place it needs to operate. "The vetting process, approval process, the hearing process -- it's so complicated and difficult that most presidents who come in office won't have a full team with them for five or six months in their term. That's not good," he said. Gregg himself was a briefly Obama's pick for Commerce Secretary before taking his name out of the running over ideological differences with the administration. With respect to Geithner, Gregg said, "he needs talent around him and needs help in Treasury. He's spending trillions of dollars to try to get the economy going. He needs top people on board." Sunday's nominations came days after two other top Treasury candidates withdrew from consideration, in part over the long and grueling vetting process, according to news reports. Annette Nazareth, who for long had been expected to be chosen as deputy secretary -- Geithner's top aide -- withdrew her name, as did his choice for undersecretary for international affairs, Caroline Atkinson. The 47-year-old Geithner, a former head of the Federal Reserve Bank of New York, was involved with the economic recovery efforts of the former administration of president George W. Bush, but some experts think his plate may be too full this time. Obama's chair of the Council of Economic Advisers, Christina Romer, said Friday on CNBC that Geithner "is putting together a team as fast as he can ... work is going on night and day." Paul Volcker, former Federal Reserve chairman and now head of the newly formed Economic Recovery Advisory Board, said during a February 26 hearing in Congress that it was "shameful" Geithner had no assistants. "He shouldn't be sitting there alone ... it really is an unfortunate situation." At a Senate Finance Committee hearing Thursday, Senator Tom Carper told Geithner, "obviously, you need help," eliciting from the Treasury Secretary that he saw his family "less than I would like." Treasury spokesman Isaac Baker when pressed by AFP denied there were "vetting problems or delays in the process" for nominees at his department. "With more than 50 political appointees already hard at work, the department is ahead of staffing levels from previous administrations" in the same time frame, and mentioned the "unprecedented level of action to strengthen our economy" already taken by the Treasury Department. Email Story IM Story Printable View Blog This Recommend this article Average (2 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Obama's Presidency US calls on G20 to help bolster int'l demand: reportAFP - Monday, March 9 Obama adds senior staff to Treasury's thin ranksAFP - Monday, March 9 Obama considers reaching out to TalibanAFP - Monday, March 9 White House announces three Treasury picksAFP - Monday, March 9 Enlarge Photo US Treasury Secretary Timothy Geithner testifies before a Senate Committee on March 5, 2009. President Barack Obama has announced his picks for three top Treasury Department posts to fill out the thin ranks under Geithner. Related Photos Slideshow US elections 2008 Related Full Coverage Obama's Presidency What change will Obama bring? Will it affect the rest of us globally? All Full Coverage Most Popular – Top Stories Viewed Russian media teases Clinton over 'reset' button Business groups slam German nationalisation bill Bleak jobs report dampens hopes for US recovery 651,000 jobs lost as US hits 25-year jobless high Zimbabwe PM hurt, wife killed in car crash: party View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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