UPDATE 1-Obama sees Geithner, Summers staying on

(Updates with background)

WASHINGTON, Jan 25 (BestGrowthStock) – President Barack Obama on
Monday said he expects Treasury Secretary Timothy Geithner and
White House economic adviser Larry Summers to stay in their
jobs, and called them “terrific advisers.”

“You know, we haven’t had the conversation because my
presumption is that they are staying. There’s a lot of ‘hue and
cry’ in Washington because this is what happens,” Obama said in
an interview with ABC News.

Some liberal supporters of Obama have criticized Geithner
and Summers as being too cozy with Wall Street.

And it raised some eyebrows when former Federal Reserve
Chairman Paul Volcker was the one standing at the president’s
side when he announced new bank rules.

“The political season is starting a little bit early this
year,” Obama said when asked by ABC’s Diane Sawyer whether he
had asked Geithner and Summers to stay until year-end.

“But the fact of the matter is that when you look at the
cards that we were handed at the beginning of last year and
where we are now, a lot of that has to do with sound, steady
economic leadership,” he said.

“And they’ve been terrific advisers for me and I think they
will continue to be terrific advisers.”

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(Reporting by Tabassum Zakaria; editing by Anthony Boadle)

UPDATE 1-Obama sees Geithner, Summers staying on