Day 32

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Obama and Biden met with a group of mayors from across the country to discuss implementation of the stimulus package. Noting the critical leadership role mayors will play in how stimulus funds are used to jumpstart their local economies, he warned them to be judicious in their spending; if not, he will “call them out.”

Sen. Chris Dodd said that it may be necessary to temporarily nationalize some banks. Bank shares tumbled to a new low. (Photo source: White House)