The president-elect sets his priorities

President-elect Barack Obama began laying the foundation of his administration this week, as he filled several key positions and formed an initial strategy for dealing with the deeply troubled economy.

What happened

President-elect Barack Obama began laying the foundation of his administration this week, as he filled several key positions and formed an initial strategy for dealing with the deeply troubled economy. Faced with a potentially severe and prolonged recession, Obama was reported to be considering a stimulus package of as much as $500 billion. The funds would likely be spent on projects to repair roads and bridges, as well as on extensions of unemployment benefits, alternative energy investment, and aid to state and local governments.

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