| Clinton mulls state; Geithner likely treasury pick (AP) [12 mins][Hoboken, NJ] AP - President-elect Barack Obama is likely to name Timothy Geithner, president of the New York Federal Reserve, as Treasury Secretary in a time of intense economic turmoil as he rounds out the upper echelon of his Cabinet, a senior Democratic official familiar with the deliberations said Friday. | Bailout debate simmers as GM pares output (Reuters) [18 mins][WINDSOR, NB] Reuters - Detroit automakers began work on the turnaround plans demanded by Congress in return for a possible $25 billion rescue as General Motors Corp said it will cut production more deeply and drop two of its controversial corporate jets. |