President-elect obama News

In the course of this week alone, over 100,000 layoffs have been announced by a number of major U.S. companies. Now new data from the Bureau of Labor Statistics (BLS) details the extent to which mass layoffs impacted the economy in 2008.

After weeks of speculation, some of it calculated with insider knowledge but most with amateur guess work, the House Democrats have released the draft of the much anticipated economic recovery package.

In the aftermath of last Friday’s dismal December 2008 unemployment report President-elect Barack Obama used his weekly radio address to reiterate his call for Congress to pass his economic recovery plan.

In the ultimate photo op, President George W. Bush joined with former President George H. Bush, former President Jimmy Carter and former President Bill Clinton to welcome President-elect Barack Obama to the elite fraternity of United States Presidents.

Governor Bill Richardson has withdrawn his name from consideration for Secretary of Commerce due to an ongoing investigation into political contributions he received from a major donor with state contracts in New Mexico.

The lineup of President-elect Barack Obama's and Vice President-elect Joseph Biden's Inauguration Ceremonies has been announced. The program participants were based on requests from the President-elect and the Vice President-elect.

In the midst of the current recession and reports of layoffs and corporate bankruptcies, little attention has been given the plight of unemployed young adults.

President-elect Barack Obama announced Friday afternoon that he has named former Dallas, Texas Mayor Ron Kirk his U.S. Trade Representative. Kirk cut his teeth politically as a legislative assistant to Texas Senator Lloyd Bentsen in the early 1980’s.

A month away from becoming the nation’s 44th President Barack Obama raised the stakes of his economic recovery package, increasing the goal for job creation from 2.5 to 3 million over two years.

Today the 538 members of the Electoral College will meet in their state capitals and in Washington, D.C. The Constitution requires that electors meet the first Monday after the second Wednesday in December.