CHICAGO (Reuters) - President Barack Obama has decided to launch a government task force for restructuring the struggling U.S. auto industry instead of naming a "car czar" with sweeping powers, a senior administration official said Sunday.
Obama is appointing Treasury Secretary Timothy Geithner as his "designee" for overseeing auto bailout loans and as co-head of the new high-level panel together with White House economic adviser Lawrence Summers, the official said.
But Obama, who took office on Jan. 20 and last week won congressional approval of a $787 billion economic stimulus program, has dropped the idea of having a single appointee empowered to handle the politically sensitive task of revamping America's once-mighty auto sector.
"There is no 'car czar,"' the official said, speaking on condition of anonymity.
There was no immediate word on when or how Obama, due to return to Washington on Monday after spending the long Presidents Day holiday weekend back home in Chicago, planned to unveil his strategy for dealing with the auto crisis.
But General Motors Corp
'Business' 카테고리의 다른 글
| Economic Hangover For Japan's Finance Minister (0) | 2009.02.17 |
|---|---|
| Asian Stocks Stumble To Open Week (0) | 2009.02.17 |
| World's Greatest Hacker Says Obama's BlackBerry Can Be Breached (0) | 2009.02.16 |
| Congress strengthens exec pay limits (0) | 2009.02.15 |
| GM, UAW talks break off; Chrysler talks stal (0) | 2009.02.15 |
