Essentials

Meta

Pages

Categories

  • I’m falling asleep

  • UserOnline

  • RSS Feedburner

    • 10 defining moments of the Sochi Olympics
      It promises to be another memorable occasion — but will it beat Winters Games gone past? The 17-day sporting extravaganza is being dubbed as the most expensive Olympics ever, with the Russians having spent $50 billion on turning the faded Black Sea resort into a rejuvenated host venue. Thousands of athletes from over 80 different […]
    • New Jersey Gov. Chris Christie
      With former Port Authority official David Wildstein’s new claim that  “evidence exists” showing Christie knew about the politically motivated lane closings on the George Washington Bridge back in September, several Jersey State politicians are already floating the dreaded “I” word: impeachment. It wasn’t so long ago that New Jersey Gov. Chris Christie was a
  • Technorati
  • Worlds most simple website

  • Recent Comments

  • Stuff

  • RSS BBC-Business

    • Barclays challenges US fraud case July 24, 2014
      Barclays challenges legal action brought by US prosecutors alleging fraud in its "dark pool" trading operations.
    • Europe lifts Tel Aviv flights ban July 24, 2014
      The European Aviation Safety Agency has joined the US in lifting its ban on flights to Tel Aviv's Ben Gurion airport.
    • Carbon concerns over wood burning July 24, 2014
      Burning wood to fuel power stations can create as many harmful carbon emissions as burning coal, according to a government report.
    • GM profits hit by recall problems July 24, 2014
      Earnings at the US carmaker General Motors slump because of the cost of vehicle recalls.
    • Standard Chartered board backs execs July 24, 2014
      Standard Chartered bank has backed its chief executive and chairman after media reports that they are under pressure to stand down.
    • London Market Report July 24, 2014
      Shares in Kingfisher and Easyjet fall after disappointing earnings updates.
    • Alstom charged with corruption July 24, 2014
      Alston Network, a UK subsidiary of the giant French engineering group Alstom, has been charged with corruption by the Serious Fraud Office (SFO).
    • Unipart Automotive sheds 1,200 jobs July 24, 2014
      More than 1,200 jobs are lost from Solihull-based car parts firm Unipart Automotive as it goes into administration.
    • 'Act now' on tax credit renewal July 24, 2014
      Hundreds of thousands of people have a week to renew their tax credits or face losing the payments, HM Revenue and Customs says.
    • Spanish unemployment below 25% July 24, 2014
      The unemployment rate in Spain falls below 25% for the first time in two years, as the economy begins to grow.

Obama looking to make impact quickly

(CNN) — President-elect Barack Obama is looking forward to Monday’s White House transition talks with President Bush and is already examining ways to make a quick impact upon taking office, top Obama aides said Sunday.
President-elect Barack Obama will meet President Bush on Monday afternoon in the White House.

“I think it was very gracious of President Bush to invite him so early — usually it happens a little later in the process,” Valerie Jarrett, one of the transition team’s co-chairs, told reporters.

“I think because of the daunting challenges that are facing our country, President Bush thought it was important to move forward quickly.”

A prominent Democratic source close to Obama said Jarrett is also Obama’s choice to be named to take over his seat in the Senate, though Illinois Gov. Rod Blagojevich would have the final say over a replacement.

And John Podesta, the other co-chair, said the talks are likely to cover “a broad range of issues” — but the slumping U.S. economy is expected to dominate the discussion.

Podesta told CNN’s “Late Edition” that Obama will push Congress to enact “at least part” of an economic package before he takes office in January, but said the problems Americans face need short-term and long-term approaches.

“It’s clear that we need to stabilize the economy, to deal with the financial meltdown that’s now spreading across the rest of the economy. The auto industry is really, really back on its heels,” Podesta said.

And Obama’s designated White House chief of staff, Rahm Emanuel, said the government needs to consider “fast-forwarding” $25 billion in low-interest loans already approved by Congress to help the Big Three U.S. automakers retool for more efficient vehicles. iReport.com: Who should be in Obama’s cabinet?
“They are an essential part of our economy and our industrial base,” Emanuel told CBS’ “Face the Nation.” He added: “There are existing authorities within the government today that the administration should tap to help the auto industry.”

Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi, both Democrats, urged Treasury Secretary Henry Paulson over the weekend to extend the $700 billion bailout of the financial industry to shore up the ailing Ford, Chrysler and General Motors, which have been battered by the credit crisis and poor sales of gas-guzzling sport utility vehicles. But Treasury spokesperson Brookly McLaughlin said Sunday that the department remains focused on the financial sector and restarting stalled lending.

Podesta said Congress could extend unemployment benefits for laid-off workers and provide assistance to states grappling with increased Medicaid costs quickly. But he said efforts to improve schools, expand health-care coverage and wean the nation’s energy industry away from imported fuels “need to be tackled together.”

And he told “Fox News Sunday” that the incoming administration is conducting an extensive review of Bush’s executive orders, looking for quick changes that Obama can make from his first day in office. Video Watch more on the team’s working weekend »

“As a candidate, Senator Obama said that he wanted all the Bush executive orders reviewed and decide which ones should be kept and which ones should be repealed and which ones should be amended, and that process is going on. It’s been undertaken,” Podesta said.

Podesta said Obama’s team will be “looking at — again, in virtually every agency — to see where we can move forward, whether that’s on energy transformation, on improving health care, on stem cell research.”

Podesta said there is a lot the president can do without waiting for Congress, and voters can expect to see Obama do so to try to restore “a sense that the country is working on behalf of the common good.”

Bush and Obama are set to meet Monday afternoon at the White House’s Oval Office. Video Watch report from CNN’s Kathleen Koch on meeting Monday »

“I’m sure they’ll be open and frank, as I’m sure they’ve always been able to talk to one another,” Jarrett said. “So I think it’s a good sign for this country that they’re having this meeting when they’re having it, and we look forward to the days and weeks ahead.”
advertisement

At the same time, first lady Laura Bush will take Obama’s wife, Michelle, on a tour of the executive mansion.

Podesta said cooperation with Bush administration officials has been “excellent” since Tuesday’s election.

Shortcuts & Links

Search

Latest Posts

SEO Powered by Platinum SEO from Techblissonline