Anybody have any comments. Does this nomination actually depresent a change as per Obama's campaign motto, or is he just same old same old.

Later

President-elect Barack Obama plans to announce his economic team on Monday as part of an effort to reassure markets and will name New York Fed President Tim Geithner his nominee for Treasury Secretary, NBC News has learned.

AP Timothy Geithner

Geithner was a U.S. Treasury Department official under both Bob Rubin and Larry Summers and has been with Treasury since 1988. Geithner's nomination is anticipated barring last-minute changes, NBC reported.

Geithner has helped current Treasury Secretary Hank Paulson and his team manage the ongoing Wall Street bailout.

Obama also is expected to tap New Mexico Gov. Bill Richardson as U.S. secretary of commerce, NBC News said on Friday.

Richardson, a former United Nations ambassador and energy secretary during President Bill Clinton's administration, had been an early supporter of Obama after dropping his own presidential ambitions.