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Obama gave his second news conference to “update [people] on the steps we’re taking to move this economy from recession to recovery and ultimately to prosperity.”
Treasury Secretary Timothy Geithner and Fed Chairman Ben Bernanke sought new powers to regulate and even nationalize financial services giants whose collapse could endanger the U.S. economy. They also called for a regulatory regime that would set compensation standards on financial institutions.
Johnnie Carson was nominated to be an assistant secretary of state (African Affairs). (Photo source: White House)