Advertisement | Good afternoon everyone. This is Harry Smith filling in for Katie. President-elect Barack Obama introduced members of his economic team today, 57 days before he’s set to be sworn in as president. Mr. Obama hopes to hit the ground running, and today renewed his call for a new stimulus package. Dean Reynolds has the story from Chicago. In other big economic news: Kelly Wallace reports on the latest government effort to bail out Citigroup, which includes a $20 billion direct investment and a pledge to guarantee up to $306 billion of its risky loans. And, I’ll an interview former SEC chair Arthur Levitt, the man who served in that post longer than any other chairman, to get his take on the state of our economy. These days, fuel prices are down, and so are basic commodities, like corn and wheat. So, why are prices at the grocery store only climbing higher? Cynthia Bowers examines why. Next: It's been more than six months since the massive earthquake in China's Sichuan province. Eighty-thousand people were killed, and 50,000 others lost limbs in the disaster. Now, the country's amputees are trying to regain a sense of normality – but many, especially the children, find that impossible. Celia Hatton reports from the still-ravaged quake zone. Also, our Fast Draw team takes a stab at one question that's on a lot of economists' minds: Is it better to dole out checks to Americans in the next stimulus package … or to fund long-term construction and infrastructure projects? They'll share what they found – in pictures – tonight. Finally tonight: What if I told you there was a car out there that can get 100 miles per gallon? Anthony Mason got a peek at a radical vehicle and will take us for a spin. I hope you join us, Harry Smith CouricandCo@cbs.com |
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