LARRY SUMMERS will head the National Economic Council.

UPDATE: Jim Steinberg as Deputy Secretary of State? He’s praised by Michael O’Hanlon, who was good on Iraq, urging Democrats to get out of their pre-surge funk. (O’Hanlon even credited Bush with keeping Iraq WMD-free.) So let’s hope this is a sign of good sense from the Obama camp.

ANOTHER UPDATE: Hillary Plays Hardball: “The first sign of friction in the Obama camp as Mrs Clinton demands – and gets – a purge of her critics before accepting Secretary of State role.” So will we wind up with Clinton loyalists at State and Obama loyalists at the NSC? A team of rivals. . . .

MORE: But will Democrats flipflop on the “Saxbe Fix?” I’d bet on it.

Plus, Hillary Rodham Muskie?

And Bill Richardson as Commerce Secretary?

But look out for ideologues among the lower-tier appointments.