President-elect Barack Obama announced the key members of his economic team on Monday, including his pick for Treasury Secretary, New York Federal Reserve president Timothy Geithner.

Geithner (pictured) had been widely discussed as a Treasury pick. His close involvement with the department's controversial $700 billion rescue plan had been seen as a negative in some quarters, but his familiarity with the workings of the Federal Reserve and the Treasury counted in his favor. Geithner has also served in senior roles at the Treasury and the International Monetary Fund.

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