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Phil Gramm, Economist
The former economics professor and Senator from Texas is a famous fiscal hawk and a longtime McCain ally on spending cuts. Gramm is said to be front-runner for Treasury Secretary.Gramm has been an investment banker at UBS since retiring from the Senate in 2002, where he had served since 1985.

NEXT: Doug Holtz-Eakin, chief economic advisor
Last updated July 28 2008: 5:20 PM ET
Election 2008
The evolution of John McCain
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He slammed big companies and free trade in the primaries, but Barack Obama insists he just wants to show corporate America some tough love. (more)
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