Daschle Withdraws Nomination for Health and Human Services Secretary
Tom Daschle has withdrawn his nomination for health and human services secretary, after fielding mounting criticism over his failure to pay more than $130,000 in taxes. President Obama stood by Daschle Monday, telling reporters that he “absolutely” supports the former South Dakota senator. But the president accepted Daschle’s withdrawal with “sadness and regret” Tuesday morning, [...]
Obama Unveils His National Security Team
President-elect Barack Obama announced as expected that Hillary Clinton would be his top diplomat and Robert Gates would stay on as defense secretary. President-elect Barack Obama on Monday officially introduced the members of his national security team, including former Democratic primary rival Hillary Clinton as his secretary of state and Robert Gates, who will be [...]
Treasury, Fed to Unveil Major Consumer Lending Program
Treasury Secretary Henry Paulson, seeking to ease strains in the consumer credit market, plans to announce Tuesday the formation of a program to increase the availability of auto loans, student loans and credit cards, according to people familiar with the matter. The lending facility, which will be operated by the Federal Reserve, is expected to [...]
