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Title: New Congress opens pledging to rescue economy (AP)
Tags:barack obama & congress & cooperation & dawn & economy & nancy pelosi & president elect & republicans & speaker nancy pelosi & vows
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Sen. Edward M. Kennedy, D-Mass., center, holds a bible as he stands with House Speaker Nancy Pelosi of Calif., left, during the mock swearing-in ceremony for  Rep. Patrick Kennedy, D-R.I.,  right, Tuesday, Jan. 6, 2009, on Capitol Hill in Washington. (AP Photo/Susan Walsh)AP - The Capitol rang loud with vows to fix the crisis-ridden economy Tuesday as Congress opened for business at the dawn of a new Democratic era. "We need action and we need action now," said Speaker Nancy Pelosi. Republicans agreed, and pledged cooperation in Congress as well as with President-elect Barack Obama — to a point.


Title: Yellen says Fed can expand unconventional policies (Reuters)
Tags:economy & federal reserve & federal reserve bank & janet yellen & policy measures & san francisco
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Reuters - The Federal Reserve is prepared to expand its unconventional policy measures, to support the U.S. economy, Janet Yellen, president of the San Francisco Federal Reserve Bank, said on Sunday.

Title: Obama urges parties to work together on economy (Reuters)
Tags:barack obama & challenges & economy & lawmakers & president elect & proposals & republicans & stimulus package
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President-elect Barack Obama waves as he and his wife Michelle board their plane at Honolulu International Airport in Honolulu, Hawaii, after spending the holidays in Hawaii, January 1, 2009. (Hugh Gentry/Reuters)Reuters - President-elect Barack Obama on Saturday said the struggling U.S. economy could face more challenges and urged lawmakers to act quickly on recovery proposals even as some Republicans expressed concerns about plans for a huge stimulus package.


Title: Obama and Pelosi to meet next week on stimulus: report (Reuters)
Tags:barack obama & economy & house of representatives & nancy pelosi & president elect & speaker of the house & speaker of the house of representatives & stimulus bill & washington post
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House Speaker Nancy Pelosi embraces now President-elect Barack Obama at the 2008 Democratic National Convention in Denver, Colorado August 27, 2008. (Chris Wattie/Reuters)Reuters - President-elect Barack Obama and Speaker of the House of Representatives Nancy Pelosi will meet on Monday to discuss a stimulus bill aimed at kick-starting the ailing U.S. economy, The Washington Post reported on Thursday.


Title: Street looks to '09 with relief after terrible '08 (AP)
Tags:confidence & economy & globe & great depression & individual investors & six years & stock gains & stock market wealth & trillion & wall street
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Igor Lerner, left, and Dilip Patel, both specialist traders for Bear Wagner, work from their post during early activity on the floor of the New York Stock Exchange, Wednesday Dec. 31, 2008.  Wall Street showed a modest advance in the final session of a dreadful year as investors took some comfort from a sharp drop.  (AP Photos/Bebeto Matthews)AP - The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year — the worst since the Great Depression, wiping out $6.9 trillion in stock market wealth. Six years of stock gains disappeared as the economy crumbled and markets crashed around the globe, shaking the confidence of professional and individual investors alike.


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