Democratic Chatter 11-25-2008

George Wenschhof

President-elect Barack Obama will hold another press conference today at noon ET - AP is reporting he will introduce Peter Orszag as his new Director of the Office of Management and Budget. After introducing yesterday a huge stimulus plan, Obama is expected to discuss his plan for the Budget which will include some belt tightening. You can read more here.

--------------------

Federal Reserve and Treasury set to announce hundreds of more Billions to spur lending - reportedly Treasury Secretary Henry Paulson will make the announcement this morning. It involves the Federal Reserve Bank of New York lending 200 Billion to holders of consumer loans. The idea being to free up loans to consumers. CNN.com has more here.

--------------------

Senator Robert Menendez (D-NJ) is new leader of Democratic Senatorial Campaign Committee (DSCC) - He was announced after Charles Schumer (D-NY) stepped down after two elections of helping steer Democrats back into the majority position in the Senate. TheHill.com has more here.

--------------------

Vice-President elect Joe Biden's Senate seat to go to his chief of staff - Delaware Governor Ruth Ann Minner will appoint Ted Kaufman who has indicated he will only serve the two years until a special election is held. Rumor is in two years the democratic candidate will be Beau Biden who is currently serving in Iraq. Politico.com has more here.

--------------------

Barbara Walters to interview President-elect Barack and future first Lady Michelle Obama - Tomorrow, Wednesday at 10:00 PM ET on ABC. ABC news has more here.

--------------------

To receive "Daily Email Updates" from Air-it-Out with George Wenschhof, click on "Subscribe to this feed" below.