Reports: Clinton accepts Secretary of State nomination; Geithner and Richardson also likely cabinet choices.

The New York Times reports that Sen. Hillary Clinton (D-NY) “has decided to give up her Senate seat and accept the position of secretary of state.” According to MSNBC, it is “also expected Monday” that New Mexico Governor Bill Richardson will be named Commerce Secretary,” and New York Fed President Tim Geithner is expected to be announced as Treasury Secretary, “barring last minute changes.”