President-elect Barack Obama, right, with Budget Director-designate Peter Orszag, left, during a news conference in Chicago, Tuesday, Nov. 25, 2008

President-elect Barack Obama, right, with Budget Director-designate Peter Orszag, left, during a news conference in Chicago, Tuesday, Nov. 25, 2008

CHICAGO – President-elect Barack Obama is naming a board of economic experts outside government to advise him on ways to create jobs and bring stability to the ailing financial system.

Obama was expected to introduce members of the advisory board Wednesday at a news conference, his third in as many days as Americans moved into the long Thanksgiving weekend. It was a remarkable burst of public activity for Obama, who has sought to assure nervous consumers and financial markets that he will bring swift economic relief as president.

Tuesday, Obama introduced Congressional Budget Office Director Peter Orszag as his candidate to run the White House Office of Management and Budget. The president-elect also pledged a “page-by-page, line-by-line” budget review to root out unneeded spending.

On Monday, Obama tapped New York Federal Reserve President Tim Geithner as his treasury secretary and named several other top economic advisers.

His economic team largely complete, Obama was expected next week to introduce national security officials, including Hillary Rodham Clinton as his secretary of state. Aides said the New York senator had not yet formally accepted the offer, but transition officials have indicated that the nomination is on track.

Source: AP

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