The Treasury Department says it will need to borrow $493 billion in the first three months of this year, a record amount for the January-March period.

President Barack Obama says he “absolutely” stands by Tom Daschle’s nomination for secretary of health and human services.

President Barack Obama says that “very modest differences” should not get in the way of swift congressional passage of a massive economic stimulus package.

The White House is pledging stricter oversight of food safety in response to a salmonella outbreak that has sickened more than 500 people in the United States and may have killed at least eight.

Ken Blackwell is abandoning his bid for Republican Party chairman. The former Ohio secretary of state also threw his “fullest support” behind rival Michael Steele. He’s the former Maryland lieutenant governor who has momentum heading into the fifth round of balloting.

Treasury Secretary Timothy Geithner is meeting with top government officials to develop the administration’s plan for overhauling the $700 billion bailout program and improve regulation of the financial system.

President Barack Obama has announced a series of executive orders that he says should “level the playing field” for unions in struggles they have with management.

A crucial economic report is due out Friday from the government, and one expert predicts it will show a “bloodbath” for the economy. This comes as President Obama blasts the billions of dollars in bonuses given to wall street bankers last year. ABC News’ Viviana Hurtado is in Washington with the details.

A top Republican congressional aide says the $800 billion-plus economic stimulus measure could steer government checks to illegal immigrants.

The White House says President Barack Obama is expected to decide “relatively soon” on his approach to ending the war in Iraq.

Senate Republicans fell short Wednesday in their effort to curtail the expansion of a government health insurance program for lower-income children. The Senate rejected the Republican proposal by a resounding 65-32 vote. Democratic lawmakers say the GOP’s legislation didn’t go far enough, covering only about 2 million uninsured children, or roughly half of the number that the Democrats’ bill would cover.

The House has defeated a bill to postpone the upcoming transition from analog to digital television broadcasting by four months to June 12.

The Obama administration is increasing transparency in the government’s controversial $700 billion financial rescue program and says more reforms are in the works.

The Federal Reserve says the economy has weakened further and signaled it will keep a key interest rate near zero for quite “some time” to cushion the fallout.

The Treasury Department says it has distributed another $386 million to 23 banks, the first awards from the federal bailout fund since President Barack Obama took office.

The White House spokesman says he expects President Barack Obama will get GOP support for his economic stimulus package.

A Senate committee has voted to extend a big tax cut for middle-income and wealthy taxpayers as part of the massive economic recovery bill working its way through Congress.

A U.S. official says National Intelligence Director Michael McConnell has resigned his post.

President Barack Obama says he’s had a “wonderful exchange of ideas” with House Republicans about the stimulus plan he wants Congress to approve.

House Republican leaders are urging their rank and file to oppose the economic stimulus bill heading for a vote on Wednesday, delivering their appeal hours before President Obama heads to the Capitol to seek bipartisan support.

Hours after the nation learned of thousands of new job layoffs. Tim Geithner was sworn in Monday night as the nation’s new Treasury Secretary. That’s economic ammunition for Geithner and President Obama, who will hit the economic stimulus package hard, Tuesday. ABC News’ Viviana Hurtado has the latest from Washington.

As the jobless rate continues to climb, President Obama calls for quick action on his economic stimulus plan. ABC News’ Viviana Hurtado has more.

President Barack Obama began overhauling U.S. treatment of terror suspects, signing orders to close the Guantanamo Bay detention center.

The Senate Finance Committee has cleared the nomination of Timothy Geithner as treasury secretary despite unhappiness over his tax mistakes.

Chief Justice John Roberts has administered the presidential oath of office to Barack Obama for a second time just to be on the safe side.

The Associated Press has learned that President Barack Obama is freezing the pay of the about a hundred White House employees who make over $100,000 a year.

Barack Obama is settling into his new office. He stepped into the Oval Office for the first time as chief executive Wednesday morning.

Sen. Edward M. Kennedy has been released from the hospital after suffering a seizure during an inaugural luncheon.

Tuesday was a historic day in America. Barack Obama was sworn in as the 44th President. The celebrations continued on into the evening in Washington. We have slideshows from the Inaugural Balls and Inaugural Parade.

President Barack Obama will begin Wednesday to put his imprint on the nation’s war strategy. He’s gathering his top military and national security advisers at the White House for what is expected to be the start of the new commander-in-chief’s shift in emphasis from Iraq to Afghanistan.