It's Mr. President Now: Barack Obama Takes the Oath of Office and Asks America to Choose Hope

Government and Economy Obama Takes Office, Saying Choose 'Hope Over Fear' Stepping into history, Barack Hussein Obama grasped the reins of power as America's first black president on Tuesday, saying the nation must choose "hope over fear, unity of purpose over conflict and discord" to overcome the worst economic crisis since the Great Depression. Wall Street Falls Amid Increasing Banking Worries The dawn of the Obama presidency could not rouse Wall Street from its worries over the banking industry's mounting problems as investors continued to sell and the major indexes drop... [Read Full Article]


Obama Ready to Prime the Economic Pump

Government and Economy Obama Ready for Bold Stimulus Action President-elect Barack Obama will have an opportunity that few presidents have had: Financial support from Congress to push forward with his campaign promises, especially to use some of the bailout funds to combat home foreclosures and to spur lending to individuals and businesses. Retailers Overhaul Their Business as Consumers Draw Back For years, retailers could afford to be sloppy about running their businesses because customers kept buying. No more. Stung by the worry that shoppers - who cut spending by the most dramatic amount in at least 39 years this the holiday season - may not start spending again for a long time, stores a... [Read Full Article]