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Obama Picks Former Clinton Aide Panetta For CIA 10:48 PM ET

WASHINGTON (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.

Senate Democrats Put Off Plans to Seat Franken 9:33 PM ET

WASHINGTON (Reuters) - Senate Majority Leader Harry Reid yielded to Republican threats and agreed on Monday not to immediately seat fellow Democrat Al Franken, whose razor-close victory in Minnesota faces legal challenges.

Obama Seeks Swift Passage Of Fiscal Package 9:26 PM ET

WASHINGTON (Reuters) - With the economic outlook darkening, U.S. President-elect Democrat Barack Obama went to Congress two weeks before taking office to try to entice Republican support for a massive stimulus package with talk of big tax cuts.

Democrat Wins Minnesota Senate Seat In Recount 9:23 PM ET

MINNEAPOLIS (Reuters) - Democrat Al Franken beat Republican incumbent Norm Coleman to win the U.S. Senate seat from Minnesota, officials conducting a final recount said on Monday, though the loser promised to challenge the result.

Lawmakers Set New Mortgage Bankruptcy Bill 6:53 PM ET

WASHINGTON (Reuters) - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, and hopes are high that it will pass after a similar plan failed last year.

VP - Elect Biden to Visit Southwest Asia 6:28 PM ET

WASHINGTON (Reuters) - Vice President-elect Joe Biden will visit Southwest Asia later this week as part of a congressional fact-finding tour, his office announced on Monday.

House Panel Postpones Financial Bailout Hearing 6:14 PM ET

WASHINGTON (Reuters) - A U.S. congressional panel postponed a Wednesday hearing on the Treasury Department's use of a $700 billion financial bailout fund and priorities of president-elect Obama's administration, the House Financial Services Committee said on Monday.

Bush Puts Onus on Hamas For Any Gaza Truce 5:12 PM ET

WASHINGTON (Reuters) - U.S. President George W. Bush insisted on Monday that any ceasefire to end the Gaza crisis must include provisions to prevent Hamas from continuing to use the coastal strip to fire rockets into Israel.

Bush Promises to Stay Engaged on Sudan 3:25 PM ET

WASHINGTON (Reuters) - U.S. President George W. Bush promised on Monday not to forget after he leaves office about violence in the Darfur region of western Sudan, which the United States has described as genocide.

Obama Seeks Major Tax Cuts In Stimulus Plan 2:43 PM ET

WASHINGTON (Reuters) - President-elect Barack Obama, seeking to drum up support from both political parties, plans to propose up to $310 billion in tax cuts for businesses and the middle class as part of his massive economic stimulus package, senior Democratic aides said on Sunday.

Obama Says Got "Choked Up" Leaving Chicago 1:40 PM ET

ABOARD A U.S. AIR FORCE JET (Reuters) - Barack Obama is not afraid to admit it -- he got a little emotional before leaving Chicago for Washington where he will soon become the next president of the United States.

Obama Expects "Sobering" Unemployment Figures 1:37 PM ET

WASHINGTON (Reuters) - U.S. President-elect Barack Obama said on Monday he expected "sobering" unemployment figures at the end of this week as he went to Capitol Hill to campaign for his economic stimulus package.

Obama Transition Team on Track to Meet Money Goal 1:18 PM ET

WASHINGTON (Reuters) - Donors have contributed at least $3.8 million to help pay for U.S. President-elect Barack Obama's transition to power, according to figures released on Monday that show him on track to meet his fundraising goal before taking office on January 20.

Bush: Any Gaza Truce Must Stop Hamas Rocket Fire 12:24 PM ET

WASHINGTON (Reuters) - U.S. President George W. Bush said on Monday any ceasefire to end the Gaza crisis must include provisions that prevent Hamas from using the coastal strip to fire rockets into Israel.

Obama Taps Clinton - Era Lawyers For Justice Dept 12:21 PM ET

WASHINGTON (Reuters) - President-elect Barack Obama filled top Justice Department posts on Monday with four former Clinton administration lawyers, including naming the Harvard Law School dean to argue the government's position in U.S. Supreme Court cases.

Obama Takeover Augurs Financial Regulator Shakeup 8:30 AM ET

WASHINGTON (Reuters) - President-elect Barack Obama and Democrats in Congress will take over the government this month with big plans to overhaul U.S. financial regulation and a surge of momentum behind them.

Obama Considering Expanding Jobless Benefits: Report 5:41 AM ET

NEW YORK (Reuters) - President-elect Barack Obama and Congressional Democrats are considering a major expansion of government-assisted health care insurance and unemployment benefits as part of a two-year economic recovery program, The New York Times reported in its Sunday editions.

Franken to Be Declared Senate Victor In Minnesota 11:56 PM ET

MINNEAPOLIS (Reuters) - Democrat Al Franken will be declared the winner of the tight U.S. Senate contest in Minnesota, emerging from a ballot recount with a slim margin over Republican Norm Coleman, state officials said on Sunday.

Obama Takeover Augurs Financial Regulator Shakeup 11:35 PM ET

WASHINGTON (Reuters) - President-elect Barack Obama and Democrats in Congress will take over the government this month with big plans to overhaul U.S. financial regulation and a surge of momentum behind them.

Obama Seeks Major Tax Cuts In Stimulus Plan 10:06 PM ET

WASHINGTON (Reuters) - President-elect Barack Obama, seeking to drum up support from both political parties, plans to propose up to $310 billion in tax cuts for businesses and the middle class as part of his massive economic stimulus package, senior Democratic aides said on Sunday.

Obama to Propose Huge Tax Cut: Democratic Aide 9:18 PM ET

WASHINGTON (Reuters) - President-elect Barack Obama's economic stimulus plan will propose business and middle class tax cuts of about $310 billion dollars, or 40 percent of the package, a senior Democratic aide said on Sunday.

Obama Says Got "Choked Up" Leaving Chicago 8:12 PM ET

ABOARD A U.S. AIR FORCE JET (Reuters) - Barack Obama is not afraid to admit it -- he got a little emotional before leaving Chicago for Washington where he will soon become the next president of the United States.

Obama Transition Hits Bump as Richardson Withdraws 6:49 PM ET

CHICAGO (Reuters) - President-elect Barack Obama stumbled in his quest for a smooth transition on Sunday when New Mexico Gov. Bill Richardson withdrew as his nominee for commerce secretary in the face of a legal inquiry.

Reid Cites "Legal Authority" to Bar Illinois Pick 5:15 PM ET

WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said on Sunday that "legal authority" exists under the Constitution to bar embattled Illinois Gov. Rod Blagojevich's pick to fill President-elect Barack Obama's vacant Senate seat, but added there is also room to negotiate.

Rice Cancels China Trip to Deal With Gaza 2:04 PM ET

WASHINGTON (Reuters) - Secretary of State Condoleezza Rice has canceled a trip to China this week because of the crisis in Gaza where Israel has launched a ground offensive, the State Department said on Sunday.

Richardson Withdraws as Obama's Commerce Pick 1:45 PM ET

CHICAGO (Reuters) - New Mexico Gov. Bill Richardson has withdrawn as President-elect Barack Obama's nominee for commerce secretary, an Obama aide said Sunday.

Cox's Reign Seen Denting Own Image, SEC's Future 12:36 PM ET

WASHINGTON (Reuters) - Christopher Cox will most likely be remembered as the regulator who was unable to do enough to protect investors during the worst financial crisis since the Great Depression.

Cheney: U.S. Close to Achieving Its Goals In Iraq 11:39 AM ET

WASHINGTON (Reuters) - Vice President Dick Cheney said on Sunday the United States was close to achieving its aims in Iraq.

Top House Democrat Sees Stimulus Passed In February 11:01 AM ET

WASHINGTON (Reuters) - The number-two-ranked Democrat in the House of Representatives on Sunday said he hoped Congress could pass a massive financial stimulus package by early to mid-February.