11.07.2008

Rubin removes himself from consideration for Treasury

Nov. 6 (Bloomberg) -- Former U.S. Treasury Secretary Robert Rubin said he won't be joining the administration of President- elect Barack Obama, narrowing the field of potential candidates to become the next government's top economic official.

Obama is ``terrific,'' Rubin said today in an interview in New York. ``But I've spoken with him and told him I'm not interested in going back into government.''

Rubin, who served at the Treasury's helm from 1995 to 1999 under President Bill Clinton, has been mentioned as a possibility for several jobs in Obama's cabinet, including his former position. Rubin's decision boosts the chances for former Treasury chief Lawrence Summers and New York Federal Reserve Bank President Timothy Geithner.

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