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President-elect Barack Obama, left, stands with Secretary of State-designate Sen. Hillary Rodham Clinton, D-N.Y., center, and National Security Adviser-designate Ret. Marine Gen. James Jones, right, at a news conference in Chicago, Dec. 1, 2008. (AP Photo/Pablo Martinez Monsivais)AP - President-elect Barack Obama picked a national security team headed by former campaign rival Hillary Rodham Clinton and Bush administration holdover Robert Gates on Monday, and said he wants to consult with military commanders before settling on a firm timetable to withdraw U.S. combat troops from Iraq.


A sale sign is posted at jewlery store in Daly City, Calif., Monday, Nov. 24, 2008. The economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years, further proof the country is almost certainly in the throes of a painful recession. (AP Photo/Paul Sakuma)AP - The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER — a private, nonprofit research organization — said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December.


A pair of specialists work on the floor of the New York Stock Exchange, Monday, Dec. 1, 2008. (AP Photo/Richard Drew)AP - Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent Wall Street plunging once again Monday, hurtling the Dow Jones industrials down nearly 700 points and more than half of last week's big gains. All the major indicators more than 7 percent, and the Standard & Poor's 500 index dropped nearly 9 percent.


US President George W. Bush speaks at the Saddleback Civil Forum on Global Health at the Newseum in Washington, DC. Bush said in an interview set for broadcast Monday that he came to office AFP - US President George W. Bush said in an interview set for broadcast Monday that he came to office "unprepared for war" and that his "biggest regret" was the US "intelligence failure" on Iraq.


Former Detroit mayoral aide Christine Beatty  pauses while tearfully  reading statements admitting to two felony charges agreed upon in plea deal in the city's text-messaging sex scandal  in Judge Timothy Kenny's courtroom at the Frank Murphy Hall of Justice in Detroit on Monday, Dec. 1, 2008.  Under a deal with prosecutors, Beatty pleaded guilty to obstruction of justice and agreed to four months in jail, five years of probation and $100,000 in restitution to the city.  (AP Photo/Daniel Mears / The Detroit News)AP - Stoic and publicly silent through months of a sex scandal, the woman whose relationship with former Mayor Kwame Kilpatrick led to his downfall broke her silence Monday, shedding tears as she pleaded guilty.


 
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