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Obama elected President, building administration

With inauguration a mere 76 days away, president-elect Barack Obama has to move ahead beginning on Wednesday as he will face the daunting challenges of two wars and the gravest economic crisis to afflict the country since the Great Depression, reported the New York Times.

Democratic officials told NBC News, reported MSNBC, that Illinois Rep. Rahm Emanuel was offered the chief of staff position at the White House. Emanuel was a former aide in Bill Clinton’s White House, as well as a close friend of Obama.

The New York Times reported three leaders of Obama’s transition team are to be announced in a written statement. John D. Podesta, the former Clinton chief of staff, Valerie Jarrett, a longtime Obama adviser and friend, and Pete Rouse, Obama’s Senate chief of staff, are the co-leaders for the transition team.

Dan Pfeiffer, who was the campaign communications director for Obama, is to be named the communications director for the transition, and Stephanie Cutter, a senior Obama adviser and former aid to Sen. Edward M. Kennedy of Massachusetts, will serve as spokeswoman for the transition, reported the New York Times.

The next Treasury secretary will inherit one of the hottest seats in Washington, reported MSNBC, faced with guiding the $700 billion economic bailout package and the reform needed in order to prevent another crisis.

Some officials in the Treasury likely list include former Treasury secretary Lawrence Summers, former Federal Reserve Chairman Paul Volcker and president of the Federal Reserve Bank of New York Timothy Geithner, reported MSNBC.

The secretary of state is also a prominent post, reported MSNBC, with Massachusetts Democratic Sen. John Kerry in the mix of contenders for the spot.

Obama led the popular vote over Senator John McCain, 52.3 percent to 46.4 percent, reported the New York Times. Obama received 349 electoral votes, compared to McCain’s 162.

The New York Times also reported that, thus far, 62.5 percent of eligible voters cast a ballot in Tuesday’s election, just shy of the record 62.6 percent figure recorded in the 1964 election.

The White House has already established a transition office for Obama’s team in downtown Washington, reported the New York Times.

“It’s been a long time coming,? the president-elect said during his speech from Grant Park in Illinois, “but tonight, because of what we did on this date in this election at this defining moment, change has come to America.?


he is the man!!!