Government and Economy
Slow Economy Won't Stop Tax CutsA top adviser to President-elect Barack Obama said Sunday that the country's slowing economy won't keep the new administration from fulfilling its plans for a middle-class tax cut.
Fallout After Dismal Holiday SeasonAs an online toy seller filing for bankruptcy, other stores are expected to follow suit, meaning more empty storefronts and fewer brands on the shelves.
Famous Last Words of 2008's Financial CrisisFew could have predicted the financial tsunami that hit the U.S. economy in the latter part of this year, but a han... [Read Full Article]
Politics and Government
Obama Nominates Geithner for Treasury CHICAGO (AP) - President-elect Barack Obama has chosen Timothy Geithner to be his treasury secretary. Geithner is president of the New York Federal Reserve Bank, and has been working with the Bush administration on ways to solve the credit crisis.
Obama Aims to Create 2.5 Million Jobs to Abate Crisis
President-elect Barack Obama said he aims to save or create 2.5 million jobs in a two-year plan to stimulate an economy facing a “crisis of historic proportions.”
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