Essential

Obama's Economic Team Official

With all the leaks that the Obama ship has been springing, there weren’t too many surprises in the president-elect’s announcement this afternoon of his economic team. Still, it’s official: New York Federal Reserve President Timothy Geithner will head the Treasury Department, and former Treasury Secretary Larry Summers will serve as chief of the National Economic Council. Christina Romer, an economics professor at the University of California-Berkeley will chair the President’s Council of Economic Advisers. Obama also announced over the weekend that Ellen Moran, the executive director of EMILY’s List, will be his communications director.