WASHINGTON (AP) — Big changes are coming to the Obama administration — just not right away.
The White House is making the high-stakes "fiscal cliff" its top priority coming out of the election. That underscores just how crucial resolving the pending tax increases and spending cuts is, not just to the economy, but also in setting the tone for President Barack Obama's second term.
Still, Obama is simultaneously weighing replacements for high-profile people expected to depart his Cabinet and the White House. Treasury Secretary Timothy Geithner and Secretary of State Hillary Rodham Clinton both want to leave. However, they have indicated some willingness to push their departures back into next year, or at least until their successors are confirmed.
Defense Secretary Leon Panetta is also expected to retire next year.