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Economic Policy


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Obama pledges to help states weather recession

CHICAGO, Dec. 2, 2008 (Reuters) — President-elect Barack Obama pledged on Tuesday to help state governors cope with a deepening recession and asked for their help in crafting a huge stimulus package to create jobs and tackle the crumbling economy. ...  > full story

Obama to name Richardson to head Commerce Dept

WASHINGTON, Dec. 2, 2008 (Reuters) — President-elect Barack Obama is expected to nominate New Mexico Gov. Bill Richardson to head the Commerce Department, a senior Democratic source said on Tuesday. ...  > full story

Obama to hold another news conference Wednesday

WASHINGTON, Dec. 2, 2008 (Reuters) — President-elect Barack Obama will hold a news conference at 1140 EST/1640 GMT on Wednesday, his fifth since he began naming nominees for his cabinet. ...  > full story

Obama adviser warns U.S. recession may be worsening

CHICAGO, Dec. 1, 2008 (Reuters) — A senior adviser to U.S. President-elect Barack Obama said on Monday the news that the United States has been in a recession for a year underscored the need for an economic stimulus package. ...  > full story

Obama picks Volcker as economy adviser

CHICAGO, Nov. 27, 2008 (Reuters) — U.S. President-elect Barack Obama on Wednesday named former Federal Reserve Chairman Paul Volcker to chair a new panel to advise him how to stabilize financial markets and navigate a potentially painful recession. ...  > full story

Treasury consulting Obama team on credit plans

WASHINGTON, Nov. 26, 2008 (Reuters) — The U.S. government will need a variety of programs to deal with troubled credit markets and is open to feedback from the incoming Obama administration in developing them, a senior U.S. Treasury official said on Wednesday. ...  > full story

Gates to stay as U.S. defense secretary: report

WASHINGTON, Nov. 25, 2008 (Reuters) — President-elect Barack Obama moved closer to assembling his national security team on Tuesday, with sources saying Robert Gates would likely keep his job as defense secretary and retired Marine Gen. James Jones be named national security adviser. ...  > full story

Unbowed McCain vows to seek Senate re-election

PHOENIX, Nov. 25, 2008 (Reuters) — Unbowed by his defeat in the U.S. presidential election, Republican John McCain promised on Tuesday to seek a fifth Senate term and praised President-elect Barack Obama's choices for his economic team. ...  > full story

NY Fed moving ahead to seek Geithner replacement

NEW YORK, Nov. 25, 2008 (Reuters) — The New York Federal Reserve's board of directors is moving ahead "with prudent expedition" in finding a replacement for departing president Timothy Geithner, the head of the search committee told Reuters on Tuesday. ...  > full story

Paulson says U.S. situation worse if no bailout

WASHINGTON, Nov. 25, 2008 (Reuters) — Treasury Secretary Henry Paulson on Tuesday said the U.S. economic situation might be much worse than it already is if Congress had not approved a $700-billion financial bailout program. ...  > full story
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