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President-elect Barack Obama named his picks for new transportation and labor secretaries Friday, capping off a flurry of Cabinet appointments in the lead-up to the Christmas holiday.

Obama tapped Ill. Rep. Ray LaHood, a moderate Republican lawmaker, for transportation secretary, California Rep. Hilda Solis for labor secretary, former Dallas Mayor Ron Kirk for U.S. trade representative and venture capitalist Karen Mills to head the Small Business Administration.

“Daunting as the challenges we are inheriting may be, I am convinced that our team and the American people are prepared to meet them,”Mr. Obama said. “It will take longer than anybody of us would like — years, not months. It will get worse before it gets better.”

Mr. Obama also fielded questions on the Bush administration’s newly unveiled plan to assist the ailing U.S. auto industry, saying it’s “absolutely necessary” to restructure the companies to save the industry, while also working toward creating “fuel-efficient cars of tomorrow.”

Source: PBS