The Republican Party declaring a new chapter in its history, has elected former Lt. Gov. Michael Steele to be the new GOP Chairman. He will serve a two year term. Liz Sidoti at the Associated Press Reports
Michael Steele becomes first black RNC chairman – Yahoo! News.
Staggering new figures from the Justice Department’s National Gang Intelligence Center show that gangs, now numbering 1 million strong may be responsible for up to 80% of the nations crime. Kevin Johnson at USA Today reports
FBI: Burgeoning gangs behind up to 80% of U.S. crime
Freddie Mac has a new plan to allow foreclosed property owners to stay in their homes as renters. Alan Zibel at the AP Real Estate Desk Reports
Freddie Mac to rent foreclosed properties
The astounding story of Joe Moser, an airman receiving the Distinguished Flying Cross 64 years after his mission. Patrick Oppmann from CNN Reports
World War II vet honored 60-plus years later for bombing mission.
Senator John McCain (R-Az) expressed disappointment that President Obama has not negotiated with Republicans on the stimulus package, and is working on an alternative plan. Steve Holland of Reuters reports
McCain: Obama needs to consult on stimulus
The Government Accountability Office released a report on Friday stating we may never know whether the FED’s $700 billion bailout of the financial industry worked. Daniel Wagner at the AP Business desk reports
$700B bailout impact tough to assess, auditors say
Tax tip: How to get a replacement W-2 form.
President Barack Obama today will issue executive orders to reinforce the rights of organized labor, and he’ll establish a task force led by Vice President Joe Biden to raise middle-class living standards.
Bloomberg.com Obama story.
Opinion from the Wall Street Journal
A Warning to the President
At least one company isn’t feeling the ‘hit’ of the economy. Although quarterly profits fell over 33% as crude prices dropped ExxonMobil showed a substanial profit. Steve Hargreaves of CNNMoney Reports
Exxon Mobil year net sets mark, but profit down for quarter -