Economic crisis, Obama response face new Congress

Financial Crisis Posted on

The Democratic-dominated Congress convenes Tuesday to confront perhaps the worst economic crisis since the Great Depression and to grapple with a hugely ambitious agenda set by President-elect Barack Obama.

The opening day of a two-year session is typically more ceremony than substance, and Congress often recesses until the new president takes office or after the State of the Union address at the end of January.

This year, however, with the economy in a worsening recession, Democrats are promising swift action on an as-yet-unveiled $775 billion economy recovery program that is the first order of business for the Obama administration.

"We will hit the ground running ... to address the pain being felt by the American people," House Speaker Nancy Pelosi, D-Calif., promised Monday as she welcomed Obama to her office.

For the first time in 16 years, Democrats control both houses of Congress and welcome one of their own to the White House. That foreshadows a productive session, particularly if Obama can muster Republican support for his initiatives, as he is seeking.

Legal News Media

Legal News is the top headline legal news provider for lawyers and legalprofessionals. Read law articles and breaking news from law firm's across the United States to get the latest updates. We reserve the right, at our discretion, to change, modify, add, or remove portions of the site at any time. Your This site is solely for your personal use. You are, of course, welcome to print or otherwise copy material from this site for your personal use. However, you may not distribute, exchange, modify, sell or transmit anything you copy from this Site, including but not limited to any text, images, audio and video, for any business, commercial or public purpose. Any unauthorized use of the text, images, audio and video may violate copyright laws, trademark laws, the laws of privacy and publicity and civil and criminal statutes.

 

American Bar Association – Start and Run a Law Firm

NewYorkStateBar.com – Starting a Law Firm

Lawyer Website Designs