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Automakers, Senators Spar on Potential Bailout
The Senate Banking Commitee spends nearly six hours hearing testimony and grilling the Big Three CEOs, the UAW president and others on request for $34 billion in aid. "We made mistakes, which we're learning from," GM's Wagoner says, outlining plans for change. Ford's Mulally says his company has shifted "in a completely new direction." The CEOs will [...]
Bushes Buy Dallas Home
The outgoing first couple has closed on a house in the exclusive Preston Hollow neighborhood. The Dallas Morning News thinks it knows which one, valued at $2 million. The Smoking Gun has details.
Becerra in Chicago to Discuss Job With Obama
The California Congressman is meeting with the president-elect Thursday about possibly becoming a U.S. Trade Representative. Sources say he's been mulling over the job, is concerned about leaving the House and possibly moving his family to Washington. Former Washington governor Gary Locke is also under consideration for the position.
Wall Street Closes Lower
The Dow falls more than 200 points after a late-day sell-off. First decline in three days. Oil also slumps.
Obama May Speak From Islamic Capital
NY Times: The president-elect is considering making a major foreign policy speech from an Islamic capital during his first 100 days in office. Paper of Record's Helene Cooper surmises a speech might come from Cairo.
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Giggles Gates, Secretary of Defense
Mark Thompson has this story on TIME.com about the funny side of a man who has a very serious job.
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