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- FDIC proposes to modify 2.2M mortgages to fight foreclosure (USA Today)
Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government financing to modify 2.2 million mortgage loans and help a projected 1.5 million American households avoid foreclosure. - Obama's first press conference as president-elect - Minnesota Daily
In the face of the worst unemployment situation in the United States in 14 years, President-elect Barack Obama held his first press conference today in Chicago to address the country's dire economic situation. "Their stories are an urgent reminder ... - Scoreboard (Lexington Herald-Leader)
Transactions BASEBALL American League BALTIMORE ORIOLES.Assigned LHP Alberto Castillo outright to Norfolk (IL).