On Thursday, President-elect Barack Obama warned Congress that not taking “dramatic action” on his economic aid package soon could have devastating consequences:
“If nothing is done, this recession could linger for years. The unemployment rate could reach double digits. For every day we wait or point fingers or drag our feet, more Americans will lose their jobs. More families will lose their savings. More dreams will be deferred and denied. And our nation will sink deeper into a crisis that, at some point, we may not be able to reverse,” he said.
Obama is scheduled to announce Leon Panetta as CIA director and Dennis Blair as director of national intelligence. Former CIA official John Brennan will be named as White House homeland security adviser and deputy national security adviser for counterterrorism.
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