This program is about 1 hour long
(Chicago: Ed Henry) Breaking news that Secretary of Defense Robert Gates will stay on in the cabinet of President-elect Barack Obama following their private conversations with retired Marine Gen. Jim Jones likely to be national security adviser and Obama's economic plan reviewed; scenes shown of Peter Orszag to head the OMB with Robert Nabors as his deputy. [OBAMA - says there is only one president, but we are putting together a first-class team; states we will go through the budget; indicates we have a mandate to move in a new direction.] Obama's many press conferences discussed.
(Studio: Ali Velshi) How the banking system will work post-bailout and how the government will give money to the bank so it is more directed to individuals reviewed with diagrams on screen. How billions will be used to buy mortgages from Fannie Mae/Freddie Mac discussed.
(Studio: Soledad O'Brien) Live discussion held with CNN's David Gergen, Candy Crowley and Ali Velshi about Obama's strong statements about the economy. [GERGEN - says the massive fall in the market triggered Obama's efforts and appearances in order to fill the leadership vacuum; calls Obama's economic team impressive talent; comments on the massive stimulus package as down payment on the reforms he wants like electronic billing in hospitals; suggests China will be the country buying the bonds thus putting us in a complicated relationship.] [CROWLEY - comments on a timetable for Obama.] [VELSHI - explains how the government can produce money via bonds and the importance of how to use the stimulus money at the right time in the right place.]
(Studio: Tom Foreman) The problems for President-elect Barack Obama in carrying out his campaign promises in hard economic times examined; details given about the short-term and long-term goals. [OBAMA - says we have to eliminate some programs and invest in infrastructure investments.] [Tax Policy Center Len BURMAN- says every president wants to trim waste but....]
(Studio: Randi Kaye) Explosions at two Bangkok, Thailand, airports; Representative John Dingell's health; Senator John McCain's support of the political future of Governor Sarah Palin and Merriam-Webster's selection of "bailout" as the word of the year reported.
(Studio: Soledad O'Brien) President-elect Barack Obama's vow to stop government waste noted. Keeping Them Honest report introduced.
(New York: Joe Johns) How millionaires living overseas are getting millions in agriculture subsidies examined; statistics on this loophole cited. [OBAMA - raises questions about this waste.] Agriculture Department statement quoted. [Environmental Working Group Ken COOK- cites the bias allowing the big guys to get off the hook.]
(Studio: Soledad O'Brien, Jeffrey Toobin) The legal aspects of technology and crime in the Drew-Meier case discussed; inset Megan photos shown.
(New York: Erica Hill) An Up Close look at Obama-mania with the coming inauguration in Washington, DC, presented; details given about the price tags for inauguration tickets and hotel packages. [Politico gossip columnist Anne Schroeder MULLINS- talks about the craziness, the parlor games and renting places.] [Senator Dianne FEINSTEIN - opposes ticket scalping.] [Former State Department special agent Fred BURTON- says we have security plans.]
(Studio: Soledad O'Brien) Who pays for the parties noted.
(Studio: Anderson Cooper) A preview of CNN's Hero of the Year show presented; details given of one woman's story.