Top Items:
Eric Dash / New York Times:
U.S. Plan to Aid Citigroup Said to Be Near Approval — Federal regulators approved a radical plan to stabilize Citigroup in an arrangement in which the government could soak up billions of dollars in losses at the struggling bank, the government announced late Sunday night.
Discussion:
Michelle Malkin, Firedoglake, Associated Press, Buck Naked Politics, Kevin Drum, Philly.com, TIME.com, Matthew Yglesias and Hot Air
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Bradley Keoun / Bloomberg:
Citigroup Gets Government Guarantees on $306 Billion of Assets — Nov. 24 (Bloomberg) — Citigroup Inc. will have $306 billion of troubled mortgages and other assets guaranteed by the U.S. government under a federal plan to stabilize the lender after its stock fell 60 percent last week.
Wall Street Journal:
Citigroup, U.S. in Talks to Create ‘Bad Bank’
Citigroup, U.S. in Talks to Create ‘Bad Bank’
Discussion:
clusterstock.alleyinsider.com, News Hounds, Grasping Reality …, Obsidian Wings and New York Times
New York Times:
Obama Aides Signal a Boost in Stimulus Spending — WASHINGTON — President-elect Barack Obama has signaled that he will pursue a far more ambitious plan of spending and tax cuts than anything he outlined on the campaign trail — a plan “big enough to deal with the huge problem we face,” …
Discussion:
Fox News, Reuters, ABCNEWS, TalkLeft, News Cut, The Moderate Voice, The Politico and Political Punch
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Dschabner / Political Punch:
Goal: Stimulus Package on Obama's Desk by Jan. 20 — Democratic sources tell ABC News that President-elect Obama's transition team is working with lawmakers on Capitol Hill so that on Obama's first day in office, Jan. 20, 2009, an economic stimulus package has passed both houses of Congress and is awaiting his signature.
Randall Mikkelsen / Reuters:
Obama may delay tax-cut rollback for wealthy
Obama may delay tax-cut rollback for wealthy
Discussion:
Alan Colmes' Liberaland
Nate Silver / FiveThirtyEight.com:
Projection: Franken to Win Recount by 27 Votes — As we wrote yesterday evening, the ever-increasing number of challenged ballots in Minnesota is making it more and more difficult to determine the extent to which Al Franken is in fact gaining ground in the state's recount process.
CNN:
Forbes: Paulson is ‘worst’ treasury secretary in modern times — WASHINGTON (CNN) — Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we've had in modern times”, citing, among other things, the government's handling of the housing crisis.
The Politico:
Obama skips church, heads to gym — President-elect Barack Obama has yet to attend church services since winning the White House earlier this month, a departure from the example of his two immediate predecessors. — On the three Sundays since his election, Obama has instead used his free time to get in workouts at a Chicago gym.
SaneWorks.us:
CAIR Sued by Former Clients for Racketeering, Fraud, & Breach of Fiduciary Duties — For more information: — David Yerushalmi, Esq. — Law Offices of David Yerushalmi — ContactYerushalmiLaw@verizon.net — 646.262.0500 — Washington, DC: Four clients of the Council …
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John Hallmann / The Huffington Post:
Why America Feels Like it's Been Ruled by a Foreign Occupier — As Obama takes over the wreckage this country is in, one can't help but feel like something alien to America has been controlling it these past eight years. The wave of emotion that has erupted with the election of Barack …
Matt Corley / Think Progress:
Woodward: Bush 'Doesn't Like Homework,' Which Means ‘Reading,’ ‘Getting Briefed’ Or ‘Having A Debate’ — On the Chris Matthews Show today, Matthews argued that one of the major differences between President Bush and President-elect Barack Obama is the fact that Obama is intellectually curious.
Discussion:
Liberty Street
John Amato / Crooks and Liars:
Neil Cavuto in screamathon with Ben Stein over our failed economy and how to repair it — John Amato's virtual online magazine...OK, It's a blog! — Home- Archives — Tags Directory — Contact Us- Donate- FAQ — Advertising- Commenting- General Problems- Media Problems- Supported Browsers- User Registration
Discussion:
Hullabaloo
Wall Street Journal:
Scowcroft Protégés on Obama's Radar — WASHINGTON — Many of the Republicans emerging as potential members of the Obama administration have professional and ideological ties to Brent Scowcroft, a former national-security adviser turned public critic of the Bush White House.
Agence France Presse:
Worst of financial crisis yet to come: IMF chief economist … The IMF's chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday. — Olivier Blanchard also warned that the institution does …
Watertiger / Dependable Renegade:
“Screw it. Ah'm off the wagon an' lovin' it.” — While attending APEC in Lima, Bush partakes of a traditional Peruvian drink known as a “Pisco Sour” (leave your puns in comments). The ingredients? … And it shows: — “You Orientals tickle!” — REUTERS/Kevin Lamarque
Discussion:
The Reaction
Kevin Bogardus / The Hill:
Obama names communications staff — President-elect Barack Obama on Saturday announced that Robert Gibbs would be his White House press secretary and Ellen Moran would serve as director of communications. — Gibbs, a long-time aide, was long believed to become the public face of the Obama White House.
Discussion:
The Politico
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