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...Washington Richardson Bows Out President-elect Barack Obama's pick for Commerce Secretary, New Mexico Governor Bill Richardson, withdrew his name from consideration amid a grand-jury investigation into state contracts awarded to a political contributor. While the governor headed back to the statehouse, Obama's team scrambled to fill other crucial posts...
...believe the agency is best served by having an intelligence professional in charge.' DIANNE FEINSTEIN, head of the Senate Intelligence Committee, questioning President-elect Barack Obama for choosing former White House chief of staff Leon Panetta to head...
Harvard Law School professor Cass R. Sunstein ’75 will lead President-elect Barack Obama’s efforts to reform government regulation and the regulatory process, according to media reports...
President-elect Barack Obama's challenge will be twofold: to capture the potential benefits of a new age of government activism, while still protecting the country's long-term fiscal health. On Jan. 6, Obama warned that the cost of a major stimulus package and the continued effort to bail out the financial system could result in years of "trillion-dollar deficits." Deficit spending is needed to help revive the economy from recession, but trillion-dollar deficits for years to come would sink us in debt and risk a collapse of the currency. We need a sensible strategy that deals...
President-elect Obama inherits the worst economic crisis since the Great Depression: the financial sector is in ruins; the budget is hemorrhaging red ink; debt-ridden households have clamped down on spending, thereby pulling the rug out from under the economy; unemployment is soaring; the country is in two wars; and the unmet social and environmental needs are vast. These conditions demand a fundamental realignment in strategy that ultimately comes back to taxation: Will we pay for the government we need? Obama's big domestic program, the American Recovery and Reinvestment Plan, proposes doubling renewable-energy production and making public...