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Eager to calm economic anxieties, President-elect Barack Obama is rolling out an economic vision that will require congressional cooperation even before he settles into his new desk in the White House's Oval Office. ...more
November 24, 2008
President-elect Barack Obama will announce the leaders of his economic team Monday, naming Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council, transition officials said. ...more
November 23, 2008
With a series of forceful actions in recent days, amid an almost unprecedented set of challenges, Barack Obama has taken an unusual step for a president-elect: attempting to alter the country's perilous course even before he takes office. ...more
November 23, 2008
-WASHINGTON - Managing the biggest financial crisis since the Great Depression has left Treasury Secretary Henry Paulson little time to sleep, let alone fly across the country to speak at fundraisers. ...more
November 21, 2008
President-elect Obama assembled his economic team Friday and told the nation that strong action is needed to confront "the greatest economic challenge of our lifetime." ...more
November 8, 2008
President-elect Barack Obama moved swiftly on Thursday to fill his administration and form his response to the economic crisis. He scheduled his first post-election visit to the White House and convened an economic advisory board to meet here amid signs of a deteriorating financial outlook. ...more
November 7, 2008
A case of post-election nerves sent stocks plunging Wednesday as investors, anxious about a recession, are wondering what impact a Barack Obama presidency will have on business and the overall economy. The Dow Jones industrials fell 486.01, or 5.05 percent, to 9,139.27. All other major indexes tumbled, too. ...more
November 6, 2008
Badgered by lawmakers, former Federal Reserve Chairman Alan Greenspan on Thursday denied the nation's economic crisis was his fault, but conceded the meltdown had revealed a flaw in a lifetime of economic thinking and left him in a "state of shocked disbelief." ...more
October 24, 2008
The next president's choice of a treasury secretary may well be the most important appointment he'll make - someone to grab the reins of a trillion-dollar-plus program to shore up the world's largest economy, probably in the middle of a severe recession, and at the right hand of a chief executive who'll be a rookie himself. ...more
October 20, 2008
The government came to the American people saying, "The sky is falling." ...more
October 16, 2008
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