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Obama: "If Nothing Is Done, This Recession Could Linger for Years"
The president-elect attempts to sell his stimulus package in a major address at George Mason University in Fairfax, Virginia shortly. "It is not just another public works program. It's a plan that recognizes both the paradox and the promise of this moment..." Read more speech excerpts here. TIME: "Much of what has been proposed so far looks [...]
Daschle On the Hill
Senate confirmation hearing underway NOW for Health and Human Services nominee Tom Daschle. Daschle will likely face tough questioning on his call for a new public insurance plan to compete with private insurance companies. Plus: Politico digs into the backstory of Daschle reportedly not caring for Hillary Clinton's tactics for fixing health care 15 years ago. See latest [...]
Weekly Jobless Claims Fall
First-time unemployment claims fall 24,000 to 467,000 last week-- nearly a three-month low. Wall Street bracing for harsh monthly jobless data on Friday. Stocks lower early Thursday.
Burris Set to Testify Before Blago Panel
The Illinois Senate appointee will speak to the bipartisan committee in Chicago Thursday about his discussions with Blago. Plus: WashPost on how Reid's handling of the Burris appointment, among other things, has lead to a rocky start. And: Read here why the Senate's ruling on Burris affects seating Franken.
Obama, Kaine to Hold Presser Thursday
The president-elect is expected to meet with the newly tapped Democratic National Committee Chair Thursday in Washington, D.C. They'll hold a media availability from the DNC offices at 3:30 pm ET.
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