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President-elect Barack Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to reporters after meeting with top economic aides, Mr. Obama said: "Potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on." - Associated Press...

Author: /time Magazine | Title: How to Understand a Trillion-Dollar Deficit | 1/11/2009 | See Source »

...president-elect Barack Obama will be preparing for his inauguration as the 44th President of the United States of America. At the same time, hundreds of Harvard students will be sitting down in large lecture halls readying themselves to take their fall term examinations—45 minutes earlier than expected. The change in time of morning exams on Jan. 20—exams will begin at 8:30, not 9:15—is the result of a compromise the administration has struck with the student body so that students can watch Obama be sworn into office. Some students...

Author: By Sofia E. Groopman, CRIMSON STAFF WRITER | Title: THE NEWS IN BRIEF | 1/11/2009 | See Source »

...That consensus has unraveled in the face of the current recession, which appears likely to be the worst in the U.S. in three-quarters of a century. When President-elect Barack Obama arrived in Washington at the beginning of the week and began lobbying for $775 billion in stimulus spending over the next two years, the nation's economists - at least the ones who are listened to in Washington - expressed near unanimous support. This support showed no signs of wavering when the Congressional Budget Office projected Wednesday that even before any new spending, the federal deficit will top $1.2 trillion...

Author: /time Magazine | Title: Will Obama's Stimulus Package Work? | 1/9/2009 | See Source »

Washington is about to get its first official waste watchdog. President-elect Barack Obama recently tapped Nancy Killefer to fill the newly created role of chief performance officer. Killefer, a senior director at management-consulting firm McKinsey & Co., will be in charge of combing through the federal budget to weed out unnecessary programs and streamline government efficiency...

Author: /time Magazine | Title: Chief Performance Officer: Nancy Killefer | 1/9/2009 | See Source »

...Your predecessor in the 18th District, Ray LaHood, has been nominated as President-elect Obama's Transportation Secretary. Abraham Lincoln once represented that district as well. What's down the road...

Author: /time Magazine | Title: The First Gen Y Congressman | 1/8/2009 | See Source »

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