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Obama May Put Hold on Bush Offshore Drilling Plan
Interior Department official tells Reuters the president may pause a last-minute Bush proposal to expand offshore drilling in previously banned areas.
"This is Going to Be a Challenging Time"
Hillary Clinton addresses crowds of State Department employees on her first day at work as secretary of state. Tells more than a hundred staffers: "This is going to be hard.... I will give you my very best efforts." Her remarks get roadblocked cable coverage. President Obama, Vice President Biden to also visit Foggy Bottom Thursday afternoon. [...]
Blago: Impeachment Trial a "Sham"
The embattled Illinois Governor chats with reporters before his morning jog, accuses the state legislature of trying to "thwart the will of the people" by removing a twice-elected official. Says he would like to subpoena Rahm Emanuel as a witness but he's being denied due process.
Housing Starts Lowest in 50 Years
Builders break ground on the fewest homes last month since record-keeping began in 1959. 15.5% annualized decrease more than experts predicted. Plus: First-time unemployment claims jump by 62,000 to 589,000-- matching a 26-year high. Up 82% over the last year.
Microsoft to Axe Up to 5,000 Jobs
The software giant becomes the latest company to announce major job cuts as quarterly profits sink 11%. First mass layoffs in the company's history. Read Steve Ballmer's memo. Comes one day after Intel announces mass firings as well. The Dow tumbles close to 200 points Thursday.
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Swampland
The Exceptions To Obama's Ethics Rules
Moments after Barack Obama announced new ethics rules Wednesday, the Republican National Committee gleefully emailed reporters with some opposition research. Obama had announced that recently registered lobbyists could not work in either the agency they lobbied or on the subject matters they were hired to lobby. But as the RNC promptly pointed out, at least [...]
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