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Asia If passed, Iraq's troop deal with the United States would give PM Nuri al-Maliki expanded powers. President Bush meets with outgoing Israeli PM Ehud Olmert at the White House. President-elect Obama formally announces his economic team.
President-elect Barack Obama visits President Bush today at the White House. This could be awkward. The Washington Post reports on how the U.S. Treasury Department gave a $140 billion tax windfall to banks without notifying the Congress. Asia
Economy The U.S. Treasury Department has turned down GM's request for funding. Americas An Obama victory could open the door for U.S.-Venezuela talks, President Hugo Chávez says, but only "on equal and respectful terms." Asia China moved to tax income derived from online video games.
Meanwhile, Japan and France announced new bailout measures, and Pakistan and Iceland turned to the IMF for aid. The U.S. Treasury Department is said to be encouraging more mergers in the banking sector. Asia U.S. Treasury Secretary Henry Paulson speaks on China.
Hugo Chavez, the Venezuelan president, joked Wednesday that "comrade" George W. Bush had become a fellow leftist. U.S. Treasury Secretary Henry Paulson doesn't intend to stay past January. Asia Europe Today's Agenda Iran and Japan are competing for a seat on the U.N. Security Council.
One thing we must recognize: Even with the new Treasury authorities, some financial institutions will fail," cautioned Treasury Secretary Henry Paulson in comments alluding to the move. Asia Slovak Republic President Ivan Gasparovic visits the White House.
This just in: Iraq's government is failing to meet key political benchmarks. A top U.S. general is calling for Iraq to increase the size of its army by 20,000 troops. Even with such an increase, he says, Iraq won't be able to provide for its own security for at least five years. Asia
Even as the ad hoc committee investigating the conduct of Paul Wolfowitz concluded that he broke World Bank ethics rules, U.S. Treasury Secretary Hank Paulson was furiously dialing finance ministers around the world to shore up the Bank president's sagging position.