"CHICAGO (AP) - President-elect Barack Obama says he knows he'll have an "enormous deficit" to confront once the economy is back on track.  But he says it'll be easier to tackle that deficit when the economy is up and running."

Congress Gives Itself Raise...

With economy in shambles, Congress gets a raise
Posted: 12/17/08 05:41 PM [ET]


A crumbling economy, more than 2 million constituents who have lost their jobs this year, and congressional demands of CEOs to work for free did not convince lawmakers to freeze their own pay.

Instead, they will get a $4,700 pay increase, amounting to an additional $2.5 million that taxpayers will spend on congressional salaries, and watchdog groups are not happy about it."