A smooth transition in the Treasury
When the incoming and outgoing presidents are from different parties, it's customary to keep newcomers at arms length until Inauguration Day. But John Dimsdale reports this transition has a great deal of cooperation.
Heading up the steps of the U.S. Treasury Department (Brendan Smialowski/Getty Images)
More on Politics, America's Financial Crisis
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Steve Chiotakis: There's another transition presidential transition going on at the Department of Treasury. Here's John Dimsdale.
John Dimsdale: When the incoming and outgoing presidents are from different parties, it's customary to keep newcomers at arms length until Inauguration Day.
But at the Treasury Department, Brookly McLaughlin says Obama's economic team will be welcomed with office space, briefing books, and advance notice of important upcoming decisions.
Brookly McLaughlin: We're all here very dedicated to making sure that we can provide the information and the support to the incoming team that they're going to need to hit the ground running on January 20.
Transition veteran Scott Lilly at the Center for American Progress says Treasury is setting the gold standard.
Scott Lilly: Probably greater cooperation at Treasury than anywhere else. But there needs to be because we need to have a seamless policy on this financial crisis going through this interregnum.
Lilly says the Defense Department also has a cooperative transition process, which he says is a good thing since this is the first wartime presidential changeover in a generation.
In Washington, I'm John Dimsdale for Marketplace.
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From Harrison, ID, 11/12/2008
I wish I had the abilities to send a email to every congress person, why do we alow the CEO's get bonuses when there company needs bailouts. There is something wrong, when the very rich our spending all of our american funds and they give nothing back. This bailout is only helping the money rollers, and we as an american our getting little help for individual monetary help. Please don't let the rich to get more rick, and no more bonuses for bailout companies. Please help me out and let people know how bad our congress is giving all of our money to the rich, so they can party, get big bonuses, and use our money for there creed....
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