President Barack Obama is making four appointments to the bipartisan debt panel he created last week.

An administration official says Obama is naming David Cote, head of Honeywell International, and former Federal Reserve Vice Chairman Alice Rivlin to the panel. He is also selecting Andy Stern, president of the Service Employees International Union, and Ann Fudge, the former chief executive officer of Young & Rubicam Brands.

The official spoke on the condition of anonymity because the formal announcement has not been made.

Obama established the panel last week to find a way to get the country's massive budget deficit under control. He named Democratic former White House Chief of Staff Erskine Bowles and former GOP Sen. Alan Simpson of Wyoming, as co-chairs.

Republican and Democratic leaders can each appoint six additional members to the panel.