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• Obama pledges to tackle government spending
"We have an economic situation that is dire, and we're going to have to jump start this economy with my economic recovery plan, creating 3 million jobs," President-elect Barack Obama says. "That's going to cost some money. WASHINGTON - President ...
• Is this stock market rally for real?
The biggest force propping up stocks now is widespread confidence that the government is moving aggressively to revive the battered economy and credit markets. That confidence rests heavily on reports that the incoming Obama administration is ...
• Presidential libraries to disclose future donors
Majority Democrats have joined with President-elect Barack Obama in promising to make government operations more transparent. Both bills now go to the Senate. The library measure would require that groups raising funds for presidential libraries make ...
• CBO sees record $1.2 trillion '09 deficit
The president-elect promised to scour the federal budget to eliminate what doesn't work and improve what does to "put government on the side of taxpayers and everyday Americans." The shrinking economy has led to a sharp drop in estimated tax revenues ...
• Recession worries send stocks sliding
The ADP report is making investors question whether any government effort to revive the economy will be sufficient, he said. "The market has shrugged off some bad news recently, and it's starting to get to the point where it can't do that anymore ...