This Morning On The Stephanie Miller Show

President-Elect Obama unveiled his National Security team yesterday, heralding a “new beginning for American national security.” In all, he announced 6 members of the team: Hillary Clinton for Secretary of State, Robert Gates for Defense Secretary, Gen. Jim Jones for National Security Advisor, Eric Holder for Attorney General, AZ Gov. Janet Napolitano for Secretary of Homeland Security, and Susan Rice for Ambassador to the U.N.

The U.S. fell into a recession late last year, according to the National Bureau of Economic Research, a panel of economists that is responsible for determining the dates of business cycles. Yesterday’s declaration confirms what many private economists and members of the general public have already assumed.

The reality that the U.S. is in a recession and that the downturn may be prolonged sent Wall Street plunging yesterday, sending the DOW down nearly 700 points and wiping out more than a half of last week’s big gains.

The U.S. can expect a terrorist attack using nuclear or biological weapons before 2013, reports a bipartisan commission in a study being briefed today to Vice President-Elect Joe Biden. It suggests the Obama administration bolster efforts to counter and prepare for germ warfare by terrorists.

A Texas judge has dropped indictments against Dick Cheney and Alberto Gonzalez, ruling that the grand jury returned the indictments unlawfully.

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