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Bush, Obama Spoke About Citigroup Deal
Outside the Treasury Department with Secretary Paulson, President Bush says there is "close cooperation" between the White House and the future Obama administration on economic planning. "Any time we were to make a big decision during this transition, he will be informed, as will his team." Referring to the financial crisis, says: "This is a tough situation [...]
New Economic Team To Be Unveiled
Obama and Biden plan noon ET Windy City press conference to unveil their money people. Get all the details here. Expected to be named: Geithner at Treasury, Summers as White House economic adviser. Plus: Obama plans to name University of California-Berkeley professor Christina Romer to chair his Council of Economic Advisers. NBC News: Obama to hold another presser [...]
Obama Team Names First African American Social Secretary
Transition team announces Chicagoan Desirée Rogers as special assistant to the president and White House social secretary. Also lists Michelle Obama's traveling chief of staff Melissa Winter as deputy chief of staff to the First Lady. Get all the details here. Plus: Politico: Traveling press secretary Linda Douglass will be spokesperson for Obama's Inaugural Committee. [...]
Morning Show Summary
Andrea Mitchell said on MSNBC's "Morning Joe" that University of Texas' Jim Steinberg will be Deputy Secretary of State. Also on "Joe," Obama economics adviser Goolsbee declined to put a dollar figure on Obama's economic plan, said there will be no more economic "dithering" during the Obama administration. Fended off notion that Obama takes responsibility for [...]
Government Rushes to the Rescue for Citigroup
The Feds agree to shoulder hundreds of billions of possible losses at the stricken bank and plow a fresh $20 billion into the company.
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Swampland
Presidential Pardon Season
Yes, it's that time again. The Washington Post tells us today: Among those seeking presidential action are former junk-bond salesman Michael Milken, who hired former solicitor general Theodore B. Olson, one of the nation's most prominent GOP lawyers, to plead his case for a pardon on 1980s-era securities fraud charges. Two politicians convicted of public corruption, [...]
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