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    of Treasury secretary, which observers expected to be one of

    the early cabinet announcements. No word on that pick was

    expected on Friday.

    The Treasury chief will oversee the Obama administration's

    efforts to stem the financial crisis and prevent a drawn-out

    recession.

    Part of that will include addressing problems in the

    struggling auto sector, but two officials from Obama's

    transition team said he was not exploring a prepackaged

    bankruptcy plan for U.S. carmakers, as reported by Bloomberg

    News.

    "That's not true," said Tommy Vietor, a spokesman for

    Obama's White House transition team.

    U.S. lawmakers on Thursday asked General Motors Corp, Ford

    Motor Co and Chrysler LLC to provide a business survival plan

    in exchange for their support of up to $25 billion in loans.

     (Additional reporting by Sue Pleming, Editing by Jackie

    Frank)

     ((jeff.mason@thomsonreuters.com; Reuters Messaging:

    jeff.mason.reuters.com@reuters.net))

    Keywords: USA OBAMA/

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