Obama Reveals HUD Cabinet Pick in Address

December 14, 2008
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Barack Obama’s weekly address


By Christi Parsons December 14, 2008

Reporting from Washington — A Harvard-educated architect is Barack Obama’s choice to lead his housing agency, which the president-elect says will play a key role in tackling the mortgage crisis and helping families stay in their homes. Read the rest

President-elect Barack Obama used his weekly address to name New York City housing official Shaun Donovan as his secretary of Housing and Urban Development. (Dec. 13):

Good morning.

Earlier this week, we learned that the number of Americans filing their first claim for unemployment insurance rose to a nearly 30-year high. This news reflects the pain that’s been rippling across our entire economy. Jobs are being cut. Wages are being slashed. Credit is tight and people can’t get loans. In cities and towns all across this country, families enter a holiday season with unease and uncertainty. Read the rest

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Shaun Donovan had foreseen subprime crisis in ’04

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