Obama Concedes Defeat on Daschle while Republicans Declare Victory on Judd Gregg and Daschle’s Downfall

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During the battle over John Bolton’s Senate confirmation to serve as US Ambassador to the United Nations, a post that Bolton ultimately achieved through presidential recess appointment rather than by Senate vote, I noticed a peculiar difference between leading Democrats and leading Republicans.

Top Thinkers on the Global Economy: Your Daily Briefing

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My New America Foundation colleague Daniel Mandel spends the wee hours of the morning every work day assembling an often amazing, comprehensive roster of some of the best articles on the American economy. I have his permission to forward this daily email to those who would like to have it.

Christina Romer’s Statement on Economic Contraction

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Below is a statement from Christina D. Romer, Chair, Council of Economic Advisors on the Fourth Quarter 2008 Advance GDP Estimate: Real GDP fell at an annual rate of 3.8% in the fourth quarter of 2008. This was the largest one-quarter fall since 1982 and the second consecutive quarter of real GDP decline.