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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.
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.
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.
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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