November 25th, 2008
09:19 PM ET

Evening Buzz: Obama's Defense Secretary Pick

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/POLITICS/11/25/transition.wrap/art.robertgates.ap.jpg caption="Defense Secretary Robert Gates is expected to stay on, according to sources."]Maureen Miller
AC360° Writer

Another day and another name is being added to "Team Obama". Defense Secretary Robert Gates is expected to stay on the job at the Pentagon in the new administration, according to sources close to the transition.

President-elect Obama will be inheriting two wars, in Iraq and Afghanistan. That's why sources have said he's interested in keeping Gates as Defense Secretary.

Do you agree with Obama's decision?

Tonight we're also tracking the latest cash infusion to fix the U.S. economy. Did you see the latest plan? We're talking about an extra $800 billion to help with the credit crunch. The goal: jumpstart lending by banks to consumers and small businesses.

Yes, the $800 billion is on top of the $700 billion bailout package for banks and Wall Street firms passed by Congress last month.

Is this a sign the original bailout plan is not working?

Treasury Secretary Henry Paulson says no.

"I wish, and I know everybody wishes, that one piece of legislation, and then magically the credit markets would unfreeze," he said. "That's not the type of situation we're dealing with."

Where is this new cash infusion coming from? CNN's Chief Business Correspondent Ali Velshi will explain the new plan tonight on AC360°.

Plus, did a woman push a teenager to suicide in a MySpace Hoax? Jury deliberations have begun in the federal trial in California.

Lori Drew, 49, is accused of conspiracy and three counts of accessing a computer without authorization. Investigators say she created a phony profile of a boy on the MySpace web site to harass 13-year-old Megan Meier.

Investigators say Meier wrote, "You're the kind of boy a girl would kill herself over" after getting messages from "Josh Evans".

Meier later hung herself in her home.

We'll have all these stories and more tonight on AC360°.
See you then.

Filed under: Maureen Miller • The Buzz
soundoff (5 Responses)
  1. Carlene

    All day, every day we hear about bail outs........why are we bailing out companies and not handing out another round of stimulus checks?
    Those of us on Social Security may not the working class but, our savings are being eaten by prescriptions and the high cost of food.

    November 25, 2008 at 10:23 pm |
  2. Dallas Ainsley

    How can we continue to throw money at Financial institutions, with no "strings attached", and then demand that GM, Ford & Chrysler submitt a detailed business plan as to how they plan.to use the money?

    November 25, 2008 at 10:19 pm |
  3. earle,florida

    Senator Obama's decision to keep Def. Sec. Gates at the helm is a serious breach of trust, never mind confidence! Mr.Gates has done nothing but prolong these wars,"three (Iraq) more years",another campaign promise dropped/mishandled with two months to go....Whoa, let's change the direction 180 degree's please....,with a population approximately 300 million people ,there's gotta be a few good democratic military minds ready to volunteer?

    November 25, 2008 at 10:18 pm |
  4. Bradley -Canada

    The enthusiasm for the Obama Presidency is absolutley evident everywhere that people, organizations, companies and other parts of our society live and function.

    The tremendous despair inflicted on the U.S and the world by Bush 2 for the last 8 years is the reason for the hope that Obama will bring to the office.

    We can only hope that his cabinet selections are competent ones. His team will be critical to his success, just as Bush's was critical to his failure.

    November 25, 2008 at 9:47 pm |
  5. Larry

    Is the Office of the President-Elect an actual department of the government?

    November 25, 2008 at 9:26 pm |

Post a comment

You must be logged in to post a comment.