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Obama Is Said to Favor About $775 Billion for U.S. Economic Stimulus Plan President-elect Barack Obama told House Speaker Nancy Pelosi he favors a price tag of about $775 billion for the U.S. economic stimulus plan, a Democratic aide said.

Obama May Use Chavez as First Test for Pledge to Engage With Adversaries In a mirrored office tower overlooking Caracas, a top Venezuelan official says his government is ready to accept Barack Obama’s offer to talk with U.S. adversaries -- if the president-elect scraps George W. Bush’s division of the world into friends and foes.

Panetta's Selection as CIA Chief Draws Concern From Rockefeller, Feinstein Leon Panetta’s selection by President- elect Barack Obama to become CIA chief surprised two top Democrats on the Senate intelligence panel, who expressed reservations about his lack of background in the spy world.

Democrats Franken, Burris Won't Claim Seats as U.S. Senate Convenes Today A new Congress with strengthened Democratic majorities convenes tomorrow with one overriding goal: speed.

Biden Plans Asia Trip as Obama Reviews U.S.'s Afghan, Pakistan Policies Vice President-elect Joe Biden will lead a delegation of five Senate Democrats and Republicans to southwest Asia as the new administration of Barack Obama reviews U.S. policy on Afghanistan, Pakistan and the region.

Coal-Ash Spill May Strip TVA of `Exaggerated Deference' From U.S., States The deluge of ash from a coal-fired power plant that buried 300 acres of eastern Tennessee is sparking new state and federal scrutiny of the Tennessee Valley Authority, the largest U.S. public power company.

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Columns

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MARGARET CARLSON
There have been other shocking press conferences, the kind that make you call home and say, “Turn on the TV, quick.” There was former New Jersey Governor Jim McGreevey coming out of nowhere to declare, “I am a gay American.” Or Bill Clinton, in a controlled rage, eyes ablaze, finger jabbing the air: “I did not have sexual relations with that woman.”

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AMITY SHLAES
To a lot of investors, 2009 looks like twilight at the bottom of the ski run. Ahead is the icy walk down to the parking lot and the challenge of maneuvering the car out of the resort without crushing someone’s fender.

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CINDY SKRZYCKI
Consumer advocates are toasting the New Year arrival of Timothy Geithner as President-elect Barack Obama’s choice to be the new Treasury secretary by urging him to fix -- along with the economy -- labels on alcoholic drinks.

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Political Capital

ALBERT R. HUNT
The year 2008 will be a title for books and movies and a serious subject for historians decades from now. Yet 2009 may be more important, shaping the conclusions those scholars reach and the role the U.S. plays in the years ahead.


Barack Obama, Bobby Rush and Joe Barton are three American politicians who rarely agree. The president-elect and Rush, an Illinois congressman, have been at odds ever since Obama unsuccessfully challenged the incumbent Democrat eight years ago, and Barton is a conservative Republican lawmaker from Texas.


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