President-Elect Barack Obama on Monday is set to introduce his economic team for his administration. Obama's announcement comes as he is preparing to enact a huge new economic recovery plan that aims to save or create 2.5 million jobs over the next two years. The plan is likely to far exceed the $175 billion Obama proposed during the campaign. The money would include an infusion of money for infrastructure projects, new environmental technologies and tax cuts for low- and middle-income taxpayers—it will not call for tax hikes for the wealthy. Heading Obama's economic team will be Timothy Geithner as treasury secretary and Lawrence Summers as head of the National Economic Council. Obama also has settled on New Mexico Governor Bill Richardson as his commerce secretary.
