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President-elect Barack Obama is welcomed by President George W. Bush at the White House, with former presidents, from left, George H.W. Bush, Bill Clinton and Jimmy Carter. (Photo by J. Applewhite / AP)

US budget deficit reaching for $1.2T

The sharp slowdown in the U.S. economy will push the federal budget deficit to more than $1 trillion, says the nonpartisan Congressional Budget Office.

BBC

Jobs, earnings woes weigh on stocks

BusinessWeek

Fed officials revive discussion of explicit inflation target

Bloomberg

Obama names Nancy Killefer chief performance officer

Pres.-elect Barack Obama announced Nancy Killefer as his pick to be chief performance officer.

CNN

Waste czar appointed

MSNBC

Israel resumes Gaza attacks after cease-fire

Israel pressed on with its bombardment of the Gaza Strip, despite a brief suspension of fighting to let in humanitarian aid.

International Herald Tribune

UN says no Hamas fighters were in bombed Gaza school

TIME

Brief ceasefire expires

MSNBC

Most exclusive lunch club ever

Pres.-elect Barack Obama hailed a rare Oval Office gathering of U.S. presidents as an extraordinary event, while Pres. George W. Bush reminded everyone that the office "transcends the individual."

CBS News

Job weakness continues, reports show

ADP says the private sector shed 693,000 jobs in December, while Challenger shows employers unveiled 166,348 job cuts.

CNNMoney

Movers: Intel, Time Warner, Alcoa, Monsanto, Family Dollar stores

BusinessWeek

Floods threaten Northwest, ice snarls Northeast traffic

Extreme weather hit both coasts, with heavy rainfall, flooding and the threat of avalanches in the Northwest, and snow, ice and heavy rain in the Northeast.

USA Today

NATION

Homeland Security rules on data collection rile businesses

The Department of Homeland Security will collect millions of new electronic records about private planes, imported cargo, foreign visitors and federal contractors.

USA Today

Private sector cut 693k jobs in Dec.

Private-sector employers shed 693,000 jobs in December, it was far worse than expected and pointed to more ugly news from the government's jobs data due later this week.

Reuters

Stock futures dip as employment worries escalate

Associated Press

POLITICS

Senate Democrats seem to be closer to Burris decision

Senate Majority Leader Harry Reid says Roland Burris will not likely take Barack Obama's Senate seat until a court rules on the dispute surrounding his appointment.

USA Today

Column:

'Paying no heed to what's right or wrong'

Chicago Sun-Times

Congress opens with drama in Senate

San Francisco Rep. Nancy Pelosi — the first female speaker of the House — was elected to her second term, but that milestone was overshadowed by drama in the Senate.

San Francisco Chronicle

Obama offers CNN's Gupta US surgeon general post

President-elect Barack Obama asked neurosurgeon and CNN medical correspondent Dr. Sanjay Gupta to be U.S. surgeon general.

Reuters

Sanjay Gupta approached for Surgeon General

YouTube

SCIENCE & TECHNOLOGY

Gaza conflict plays out online through social media

The Gaza Strip may be closed to most traditional media, but the conflict there is still being reported — sometimes through YouTube — and increasingly on social media sites such as Twitter and Facebook.

NPR

Apple cuts iTunes song prices

Apple is cutting the price of some songs in its iTunes online store to as little as 69 cents and plans to make every track available without copy protection.

San Francisco Chronicle

LIVING & ENTERTAINMENT

Swayze 'may live only 2 years'

Speaking in his first U.S. TV interview since being diagnosed with pancreatic cancer, actor Patrick Swayze said he may survive only two years.

BBC

Ron Asheton: 'You just play 'til you drop'

Ron Asheton, the guitarist from The Stooges, has died at age 60. He never became a household name like Iggy Pop did, but Ron's raucous guitar parts laid the groundwork for so much rock 'n' roll to come.

Entertainment Weekly

SPORTS

Celtics can’t stop slide in Charlotte

The backcourt combination of D.J. Augustin and Raymond Felton made the difference as the Bobcats won 114-106 in overtime.

Boston Herald

Hornets end Lakers' home win streak

The New Orleans Hornets snapped the Los Angeles Lakers' 15-game home winning streak with a 116-105 victory.

Sports Network

RELIGION & SPIRITUALITY

Police raid New Orleans church

Police cleared out two New Orleans Catholic churches occupied by former parishioners opposed to the archdiocese's decision to close them.

Examiner

Church that split over gays can't keep property

MSNBC

Gaza conflict spreads to Europe with Jews attacked

Signs are mounting that the conflict in Gaza is starting to spill over into violence in Europe's towns and cities, with assaults against Jews and arson attacks on Jewish congregations.

Beliefnet

Columns And Op-Ed

The opinions in the items below are not necessarily those of DailySource or our editors. Read more.

Site edited by: Binal Ghelani, Charles Jones, Max Miller, Emily Kirby, Emily Naughton, Walt Chiu, Chris Yu, Danny Bittker and Carlos Wall.

GOOD NEWS

Fort Worth couple adopts 9 children

John and Marie Ornelas are a Fort Worth, Texas, police husband-wife team who were both school liaison officers.

HappyNews.com

Kevin Sharp plays Make-A-Wish concert

Platinum-award winning country music artist Kevin Sharp plays a benefit concert for the Make-A-Wish Foundation.

Penn Live

WORLD

Pakistan angrily denies Mumbai claims

Pakistani leaders say Indian suggestions that official agencies may have been involved in training November's Mumbai terrorists are pushing the region to war.

United Press International

Pakistan intel chief says no Indian war

International Herald Tribune

Pakistan agency had hand in attack

YouTube

Eastern Europe limits gas use; Germany meets demand

Slovakia, Hungary and Bulgaria were among European countries to restrict natural-gas supplies to consumers as Russian exports to Europe via Ukraine halted.

Bloomberg

Ukraine sets gas offer but wants no middleman

Reuters

Europe running out of gas

YouTube

BUSINESS

New stimulus aside, Obama vows future budget restraint

To a public wary of government spending, Pres-elect Barack Obama promises long-term fiscal discipline after the massive economic stimulus package.

International Herald Tribune

Obama to bring accountability to spending plan

YouTube

Satyam's chairman Ramalinga Raju resigns, admits fraud

Satyam Computer, a leading Indian outsourcing company, plunged into crisis as Chairman B. Ramalinga Raju resigned after admitting to major financial wrongdoing.

Times of India

ENVIRONMENT

Excrement, insulation, bike paths trim CO2 emissions in cities

From Berlin to Vancouver, cities are creating bike paths, making windows airtight and building cleaner power plants to counter the threat of global warming.

Bloomberg

Law center names 10 most endangered places in the South

The largest environmental advocacy organization working to protect the Southeast, announced a list of 10 special places in the region that face immediate, potentially irreparable threats in 2009.

Environment News Service

HEALTH

Deep brain stimulation helps those with advanced Parkinson's

A new study finds that deep brain stimulation improves both physical function and quality of life after six months in Parkinson's patients.

HealthDay

How Obama can heed Clinton health reform failure

Experts involved in the health initiative in the Clinton administration say Obama will have to do things differently to make healthcare change this time.

NPR

EDUCATION

ACLU sues NC school system for barring peace activist

The American Civil Liberties Union sued a rural North Carolina school system for barring a peace activist from talking to high school students about alternatives to joining the military.

USA Today

50-state report card

Amid national financial worries, states remain on the front line pushing hard for school improvement.

Education Week

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