The federal government is purchasing another $50 billion in residential mortgages to further stabilize the lending industry and encourage lower interest rates.
It's proving difficult to peer inside Obama's still tightly closed Cabinet. But so far his presidential transition has looked deliberate and impressive.
President-elect Obama and Gov. Jennifer Granholm laugh at a press conference Friday. As President-elect Obama prepares to take office, leaders of several fields in Michigan have something for him: a wish list to pull the state out of its deep economic malaise. (AP Photo) • Read the story
Nov. 3 (Bloomberg) -- Bill Clinton , said his onetime adviser Dick Morris , never got a chance to prove he was a great president because he never faced a big crisis.
