In the Headlines

"Obama and Bush Work to Calm Volatile Market" (Jeff Zeleny, New York Times) - President-elect Barack Obama sought to seize the reins of the economic crisis Monday as he and his new economic team worked closely with President Bush to inject confidence into the trembling financial markets, which rallied and erased most of last week's losses.

"Obama's money team: Centrist economists, radical solutions" (Peter G. Gosselin, Chicago Tribune) - The economic team that President-elect Barack Obama unveiled Monday, studded as it is with some of the nation's most brilliant economists, reflects more than a leader's desire to surround himself with talent: It's a recognition that the nation faces troubles the likes of which it hasn't seen in almost three-quarters of a century.

"Summers Offers Clues on Tackling Crisis" (Tom Herman, Wall Street Journal) - Lawrence Summers, the former Treasury secretary who was named by President-elect Barack Obama Monday to head the National Economic Council, gave some clues last month on the advice he might offer on dealing with the financial crisis.

"Bush pardons 14; no high-profile criminals on list" (Ben Conery, Washington Times) - President Bush on Monday pardoned 14 people and commuted the sentences of two others whose crimes included drug offenses, fraud and breaking laws meant to protect endangered species.