![[Democrats' Factions Could Stall Plans]](http://s.wsj.net/public/resources/images/NA-AV102_DEMPLA_A_20090105181314.jpg)
Democrats are touting grand plans as the new Congress sweeps into town. But they face serious obstacles, starting with the party itself, which is hardly unified.
![[Businesses Focus on Finding Common Ground]](http://s.wsj.net/public/resources/images/NA-AV103_BUSINE_A_20090105194011.jpg)
Big Business will be facing a bolstered Democratic majority when the new Congress convenes. But the battle lines aren't clearly drawn because neither the Democrats nor the business lobby speak with one voice on many issues.
![[Clouds Still Hang Over 2 Senate Seats]](http://s.wsj.net/public/resources/images/NA-AV091_SENATE_A_20090105191942.jpg)
The fate of two would-be senators remained unsettled as Congress prepared to resume business, presenting a quandary for Democratic leaders.
The six candidates vying to chair the Republican National Committee agreed that the party must return to core principles after its stinging election defeats.
In the long run, the Israeli push into Gaza could open some doors for the Obama administration.
![[Panetta]](http://s.wsj.net/public/resources/images/OB-CX223_0105pa_A_20090105153040.jpg)
Obama picked Leon Panetta, a former chief of staff under Clinton, to run the CIA. Panetta was a surprise pick with no experience in the intelligence world.
The demand for cheap digital-TV converter boxes is exceeding expectations. But amid higher demand, the government is running out of money to subsidize the purchase of the converters.
President-elect Obama picked Dawn Johnsen, an outspoken critic of President Bush over terrorist interrogations, to head the Office of Legal Counsel.
![[Whitman]](http://s.wsj.net/public/resources/images/OB-CX225_0105wh_A_20090105154537.jpg)
Meg Whitman stepped down from the boards of P&G, eBay and Dreamworks Animation, another signal the former eBay chief is seriously considering a run for governor.
![[Kotz]](http://s.wsj.net/public/resources/images/OB-CX254_0105ma_A_20090105165001.jpg)
The SEC watchdog said he plans to broaden his investigation by examining whether or not the SEC as a whole is effective in its oversight of the financial markets. (Kotz testimony)
The government supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund.
Bill Richardson's withdrawal as commerce secretary was the first bump in the new cabinet and the second "pay to play" investigation that has touched Obama's transition to the presidency.
A Minnesota board certified results showing Democrat Al Franken winning the state's U.S. Senate recount over Republican Norm Coleman, but a legal challenge probably will keep the race in limbo.
Burris is headed to Washington for a high-stakes showdown on Capitol Hill about whether he'll succeed Obama in Congress. U.S. prosecutors won a 90-day extension to seek an indictment of Blagojevich.
![[Probe Leads Richardson to Abandon Cabinet Bid]](http://s.wsj.net/public/resources/images/P1-AO199_Richar_A_20090104172623.jpg)
New Mexico Gov. Bill Richardson withdrew his name from consideration to be Commerce secretary, citing a federal probe into a company that has donated to his political organizations.
![[Housing Push for Hispanics Spawns Wave of Foreclosures]](http://s.wsj.net/public/resources/images/OB-CX116_forecl_A_20090104212258.jpg)
A push to increase homeownership among Latinos resulted in a rise in nonprime lending. Now, many Hispanics are mired in the housing mess.
Railroad customers, claiming unfair price hikes, are making a push for Congress to reinstitute tighter federal regulation.
A federal appeals court ruled that the government can keep secret the identities of detainees allegedly abused at the Guantanamo Bay prison camp.
![[Stimulus Plan Would Expand Tax Credit to Poor]](http://s.wsj.net/public/resources/images/NA-AV089_STIMUL_D_20090105192321.jpg)
Obama met with lawmakers to begin selling his stimulus plan as his advisers offered more details, including a proposal to expand the child tax credit for poor families.
![[Barack Obama answers questions from the press after a meeting with his top economic advisors]](http://s.wsj.net/public/resources/images/OB-CX313_taxher_A_20090105221230.jpg)
As part of economic stimulus efforts, the incoming Obama administration is considering tax changes that could give stumbling financial companies increased tax rebates.
IBM's CEO advised the Obama transition team that $30 billion in government investments in IT infrastructure could create more than 900,000 U.S. jobs.
![[President-elect Barack Obama and congressional Democrats are crafting a plan to offer as much as $310 billion of tax cuts.]](http://s.wsj.net/public/resources/images/OB-CX110_barack_A_20090104190150.jpg)
Obama and congressional Democrats are crafting a tax-cut plan to offer about $300 billion in tax cuts to individuals and businesses.
![[Senate minority leader, Republican Mitch McConnell]](http://s.wsj.net/public/resources/images/NA-AU992_STIMUL_A_20081229213437.jpg)
Republican lawmakers are positioning themselves as foes of excessive spending as they prepare for battle over Obama's stimulus package.
Democrats worry they won't be able to offer a stimulus package for congressional debate until late January because they haven't received a plan from Obama's team.
![[Pet Doctors in Ohio Hope for Cash From Stimulus]](http://s.wsj.net/public/resources/images/P1-AO115_SEWER__A_20081226145832.jpg)
An Ohio veterinary hospital is hoping that the huge economic stimulus being pondered in Washington will bring money for a sewer line that would improve life for animals in its care.
![[Biden]](http://s.wsj.net/public/resources/images/OB-CW092_biden_A_20081223130537.jpg)
Biden released details of the emerging stimulus package, saying that 85% of jobs created under the plan will be in the private sector and that no pet projects will be accepted.
The largest retail trade association asked Obama to add sales tax-exempt shopping days to a coming economic stimulus package in an effort to spur spending.
Democratic leaders are aggressively lowering expectations that the massive economic stimulus package will yield dramatic accomplishments quickly.
![[Best Campaign Photos]](http://s.wsj.net/public/resources/images/OB-CV716_1219be_A_20081219131619.jpg)
Sen. Barack Obama was elected the nation's first African-American president after an epic two-year campaign. See photos from the trail.
Peter A. Brown, of the Quinnipiac Polling Institute, offers an award to the person in the public eye who most royally screwed up to their own detriment in the past 12 months.
Only WWII was pricier than Obama's stimulus plans.
The last thing we need is Congress setting business models.
Barack Obama's choice of former Congressman Leon Panetta to lead the CIA at least puts a grownup, if also an intelligence rookie, in that crucial job.
A look at those named to the cabinet and key advisory roles in the new administration -- and those expected to be named soon.
