Treasury Pick Is Key Decision for Second Term

Timing of Geithner’s departure depends on the resolution of the fiscal cliff.

President Barack Obama, newly re-elected, now confronts two questions that he has been avoiding for more than a year: Who will replace Treasury Secretary Tim Geithner and when.

Obama’s decision, probably among the first personnel moves he makes, may set in motion a revamping of his economic and national security team, according to four current and two former administration officials who spoke before the outcome of the election was clear. Some advisers will depart and others will take on jobs that are opened up.

Geithner’s Legacy

Roger Altman, chairman of Evercore Partners Inc. and a deputy treasury secretary in the Clinton administration, said Geithner will leave a good legacy.

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