Obama Taps Panetta for CIA Director
President-elect Barack Obama has chosen Leon Panetta as his Director of the CIA. Panetta served as former President Bill Clinton’s chief of staff from 1994-1997 and was a member of the Iraq Study Group, a bipartisan commission that pushed for a phased withdrawal of American troops from Iraq—a recommendation that was ignored by the Bush administration,
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US Cuts Interest Rate to Lowest Level in History
US Federal Reserve Chairman Ben Bernanke of the US central bank has cut interest rates to their lowest level in American history to try to turn around the ailing economy.
Double Bombings Kill 18 in Baghdad
As US President George W Bush enters his final month in office, he is attempting to secure his legacy and make the case that the Iraq war was ultimately the right thing to do. Today’s double blast that killed 18 in Baghdad offers yet another chilling example that Bush was wrong. .msnbcLinks {font-size:11px;
George W. Bush’s Nightmare Before Christmas
The Bush administration isn’t about to let democracy or the will of the people stop them from further ruining this country before they leave office. Knowing he can’t get his long list of favors to his Republican cronies through Congress, Bush is doing a last minute end-run, jamming as many
Illinois House Considers Blagojevich Impeachment
SPRINGFIELD, Ill. (AP) — Illinois lawmakers were unanimous on how they should handle disgraced Gov. Rod Blagojevich — potential impeachment. And the embattled Democrat signaled he isn’t going down without a fight. Lawmakers Monday quickly shelved the idea of setting a special election where
Obama Selects Duncan for Education
CHICAGO (AFP) — President-elect Barack Obama Tuesday nominated Arne Duncan, the tough-minded Chicago schools superintendent, as his education secretary tasked with overhauling US schools. At a news conference, Obama vowed new funding for schools plus new demands on teachers and parents, arguing it
Musical Performers Set for Obama Inaugural
Online rumors are circulating that Leona Lewis has been asked to sing for US President-elect Barack Obama at his inauguration ceremony in Washington DC on January 20. The British singer is set to join Jay-Z and Beyonce who will reportedly also be performing. Millions are expected to converge in DC
Citibank’s Bailout
The second largest bank in the United States is receiving another significant bailout. The federal government announced late Sunday night it has agreed to invest $20 billion more and accept 90% of the losses on more than $300 billion worth of troubled mortgage-backed assets. The company will cover
Obama Announces Economic Team at Press Conference
In a press conference in Chicago, President-elect Barack Obama named his economic team on Monday. NY Federal Reserve President Timothy Geithner will be his Treasury Secretary. Former Treasury Secretary and Harvard President Lawrence Summers is Obama’s pick to be Director of the National Economic
Zimbabwe Situation on the Verge of Implosion
Former US President Jimmy Carter said Monday from South Africa that the situation in Zimbabwe is “far worse” than he had originally imagined. Mr. Carter, former UN Secretary Kofi Annan and Nelson Mandela’s wife Graca Machel – a human rights activist – were denied entry into Zimbabwe over