Archive for December 19th, 2008
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Biden says US economy in ‘worse shape’ than he thought (AFP)
AFP – Vice president-elect Joseph Biden, in his first interview since the November 4 election, told ABC TV that the US economy was in “much worse shape” than he thought and needed a second stimulus package to prevent it from tanking. -
President’s Radio Address
In his weekly radio address President Bush said, “The actions I’m taking represent a step that we all wish were not necessary. But given the situation, it is the most effective and responsible way to address this challenge facing our Nation. By giving the auto companies a chance to restructure, we will shield the American people from a harsh economic blow at a vulnerable time. And we will give American workers an opportunity to show the world once again that they can meet challenges with ingenuity and determination, and emerge stronger than before.”
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Al Franken opens first lead in Minn. Senate race (AP)
AP – Democrat Al Franken edged ahead of Republican incumbent Norm Coleman on Friday for the first time in Minnesota’s long-running U.S. -
Levi Johnston’s mom arrested for drugs
The mother of Levi Johnston, the 18-year-old boyfriend of Alaska Gov. Sarah Palin’s teenage daughter, has been arrested on drug charges, the Anchorage Daily News reported Friday. -
Obama completes cabinet of ‘rivals’ line-up (AFP)
AFP – President-elect Barack Obama signaled a major shift in trade policy and labor relations as he rounded out a cabinet of ‘rivals’ tasked with implementing an ambitious US economic recovery plan. -
Obama: Labor pick is blazing new trails
President-elect Barack Obama unveiled a diverse group of nominees Friday to round out his Cabinet and economic team.
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Obama heads to Hawaii for the holidays (Politico)
Politico – HONOLULU – President-elect Barack Obama returns to his home state of Hawaii on Saturday for his last family vacation before taking office next month, savoring the respite in an oceanfront estate in one of Oahu’s most exclusive neighborhoods.
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CFTC Pick Worked to Exempt Credit Swaps (CQPolitics.com)
CQPolitics.com – Gary Gensler, a veteran Treasury Department official tapped this week by President-elect Barack Obama to head the Commodity Futures Trading Commission, could face tough questions at confirmation hearings about his role in enacting a law exempting credit default swaps from regulation.
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Obama taps new SBA head
Entrepreneur and venture capitalist Karen Mills has been chosen by President-elect Obama to head the Small Business Administration.
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Obama taps California Democrat for labor chief
President-elect Barack Obama nominated U.S. Rep. Hilda Solis for secretary of labor on Friday, a move praised by labor unions.
