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Obama says his plan with tax cuts to get quick OK (AP) Tue, 06 Jan 2009 02:43:41 GMT
AP - President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion. He predicted lawmakers would approve a mammoth revitalization package within two weeks of his taking office.
AP - Israel ignored mounting international calls for a cease-fire and said it won't stop its crippling 10-day assault until "peace and tranquility" are achieved in southern Israeli towns in the line of Palestinian rocket fire.
AP - President-elect Barack Obama's decision to fill the nation's top intelligence jobs with two men short on direct experience in intelligence gathering surprised the spy community and signaled the Democrat's intention for a clean break from Bush administration policies.
AP - Senate Democrats struggled to avert a showdown steeped in race and corruption Monday as a defiant Roland Burris declared, "I'm a United States senator" and flew to the capital to claim President-elect Barack Obama's old seat in Congress.
AP - Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission.
AP - Take that, Andromeda! For decades, astronomers thought when it came to the major galaxies in Earth's cosmic neighborhood, our Milky Way was a weak sister to the larger Andromeda. Not anymore.
AP - Jett Travolta's body shows no sign of head trauma and his death certificate says he was killed by a seizure, an undertaker said Monday, after doctors performed an autopsy on the 16-year-old son of the U.S actor.
AP - Left out of the national title game, Colt McCoy and Texas made the most of their trip to the Fiesta Bowl.
Reuters - Israel pressed on with its ground offensive in the Gaza Strip for a fourth day on Tuesday despite new international calls for a ceasefire in a conflict in which more than 540 Palestinians have been killed.
Reuters - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.
Reuters - The new U.S. Congress convenes on Tuesday under pressure to deal with a worsening economy by passing a stimulus package that Barack Obama could sign into law soon after being sworn in as president.
Reuters - Toyota Motor Corp, reeling from its worst U.S. sales decline in more than a quarter of a century, will shut all its factories in Japan for 11 days as the global economic slump hits demand and company profits.
Reuters - President-elect Barack Obama has chosen former White House chief of staff Leon Panetta to lead the CIA, which has been widely criticized for harsh interrogation of terrorism suspects, Democratic officials said on Monday.