Obama reassures Congress on bailout plan and funds
President elect Obama would spend the remaining 350 billion from the bailout fund on expanded lending and fewer foreclosures. He would not use the money to aid other industries. Lawmakers pressed for written assurances before a Senate vote.
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Inauguration Security Set to Break Records
The presidential swearing in will be treated as a National Special Security Event with four days of heightened measures. Bridges into Washington close, a large security perimeter forms, and thousands of officers plus troops will monitor potential crowds near 2 million attendees.
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Associated Press
Burris sworn in as Obama successor in Senate
Roland Burris took the oath from Vice President Cheney and joined the Senate as Barack Obama’s successor amid a years long dispute over his appointment by Illinois Governor Rod Blagojevich. The chamber welcomed Burris with a standing ovation as Democrats sought to move beyond the controversy.
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