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Last Updated on: Jan 6 2009 10:27AM
OBAMA PREDICTS QUICK APPROVAL OF ECON RESCUE PLAN
WASHINGTON--President-elect Barack Obama expects the new Democratic-controlled Congress that convenes Tuesday to quickly approve hundreds of billions of dollars in new spending to tackle the "very sick" U.S. economy.
Senate leaders need to work out a looming confrontation with Roland Burris, the Illinois Democrat named by scandal-plagued Gov. Rod Blagojevich to fill Obama's empty seat.
A second seat in the 100-member chamber is likely to remain empty Tuesday, as legal battles were continuing in the close race in Minnesota between comedian Al Franken, a Democrat, and Republican incumbent Norm Coleman. (Read more...)

Today's Headlines:

Jan. 6--A year into a global recession, businesses across the economic spectrum are trying to avoid layoffs -- or prevent more -- by down-shifting operations. (read more)
NEW YORK--In what seemed like a New York-minute, prices of luxury homes in Manhattan are suddenly falling. (read more)
Jan. 5--This week more than 2,700 companies will descend on Las Vegas to show off the latest computers, cell phones, GPS systems, TV sets and other gadgets at the largest consumer-technology exhibition in the world. (read more)
Many of the nation's small business owners own "toxic" mortgages and are at risk of defaulting on their loans. (read more)
Jan. 3--Jonathan Brown was worried about how much business he'd get as the Christmas season began. (read more)
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