Obama taps regulators to tighten financial oversight
President elect Barack Obama signals activist reform as he nominees Mary Schapiro to head the SEC and Gary Gensler to helm the CFTC, with Dan Tarullo joining the Fed. The picks aim to revamp a complex Web of rules and empower closer supervision of markets to prevent future crises.
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Obama defends Warren invocation amid backlash
President elect Barack Obama defended his choice of megachurch pastor Rick Warren to deliver the invocation, saying there should be room for dialogue on abortion and same sex marriage despite his disagreements. He noted Joseph Lowery will give the benediction and contrast with Warren on many issues.
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Obama to name final Cabinet picks in Chicago
President elect Obama will announce his final Cabinet selections in Chicago on Friday naming Rep Hilda Solis as labor secretary and Ron Kirk as U S trade representative along with Rep Ray LaHood as transportation secretary Solis backs green collar jobs while Kirk pursues stricter enforcement of trade agreements including NAFTA and environmental labor protections
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