Names circulating for the treasury secretary position include Timothy Geithner, Summers and Volcker.

CNN: Obama: 'We have to act swiftly' on economy

Names circulating for the secretary of the treasury position include Timothy Geithner, Lawrence Summers and Paul Volcker.

CNN: Official: Obama could name more administration picks Friday

And despite more high-profile names such as the Republic of Ireland coach Giovanni Trapattoni being linked with the position, Celtic chairman John Reid insisted there was never anyone else in the frame.

BBC: New manager Neil Lennon wants Celtic 'to go to war'