At long last, a team. And it's formidable. With Tim Geithner eyed for the head of the Treasury Department, President-elect Barack ObamaBarack Obama has chosen a fellow already knee-deep...
News Source: Christian Science Monitor
| about 1 year ago
Washington America has one president at a time, Team Obama has repeated ad nauseam since Election Day. But the events of the past week have demonstrated otherwise: At an extraordinary time in American history, with the economy staggering and a lame-...
The former Federal Reserve chairman will head a new panel that Obama says will offer 'independent, non-partisan' information and advice...AM PST, November 26, 2008 Obama's comments came during his third news conference in three days regarding...
News Source: The Daily Telegraph
| about 1 year ago
But after some grumbling from liberal supporters about his cabinet selections so far, Mr Obama said it was inevitable that he would tap high-ranking officials drawn from the last Democratic administration of Bill Clinton. Mr Obama said the US public...
President-elect Barack Obama has named former Federal Reserve chairman Paul Volcker as the head of a new panel that will advise him on stabilizing the ailing financial system. Mr. Obama says the Economic Recovery Advisory Board will be modeled on an...
A U.S. government report shows American consumers cut their spending last month by the largest amount in seven years, adding to fears that the country is heading into a deep recession. The Commerce Department said Wednesday that consumer spending...
News Source: Canadian Free Press
| about 1 year ago
Gary Bauer, American Values Throughout the campaign, Barack Obama rarely missed an opportunity to tie Senator McCain to President Bush. He repeatedly suggested that a McCain presidency would essentially be George Bush’s “third term,” offering ...
Further appointments would be announced in the coming weeks, Obama said. The board will be composed of "distinguished individuals from diverse backgrounds outside of government" including business, labor and academia, Obama said at his third...
US President-elect Barack Obama stands with former Federal Reserve chairman Paul Volcker. Photograph: Charles Dharapak/AP Barack Obama today brought a mix of fresh and veteran faces onto his economic advisory team, promising "innovative thinkers who...
News Source: Leader Post Online
| about 1 year ago
The incoming president also named University of Chicago economist Austan Goolsbee to serve as the board's staff director and join his Council of Economic Advisers. Goolsbee, a senior economic adviser to Obama during the presidential campaign, was at...
The U.S. government will need a variety of programs to deal with troubled credit markets and is open to feedback from the incoming Obama administration in developing them, a senior U.S. Treasury official said on Wednesday. "There's going to be a...
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