| Obama announces Clinton, Gates for Cabinet (AP) [4 mins][Iraq] AP - Barack Obama announced a national security team Monday headed by Hillary Rodham Clinton, who fought him long and bitterly for the presidency, and Robert Gates, the man who has been running two wars for George W. Bush striking choices by a president-elect who declared he wanted "strong personalities and strong opinions." | Dow drops nearly 680 on consumer spending worries (AP) [21 mins][Priceville, AL] AP - The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's big gains. All the major indicators fell more than 7 percent, with the Standard & Poor's 500 index down nearly 9 percent. |
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