[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/01/23/clinton.replacement/art.gillibrand.seat.gov.jpg caption="Rep. Kirsten Gillibrand has been picked to succeed Hillary Clinton as U.S. Senator from New York, sources say."]
AC360° Senior Producer
Happy Friday folks!
President Obama ends his eventful week with a bi-partisan meeting of congressional leaders to push his economic recovery plan forward. His new press secretary Robert Gibbs told us yday that he would receive a daily briefing on the economy, just like his existing intelligence briefing, and he’ll get a dose of that later to round out the week.
We’ll bring you the latest on this recovery plan as it makes its way through Congress. Nancy Pelosi said the legislation is slowly working its way through Capital Hill, but Republicans feel there is no reliable estimate on the bill’s effect on employment. Ed Henry and Ali Velshi will have the latest.
We’ve confirmed that NY Governor David Paterson will pick upstate Congresswoman Kirsten Gillibrand to fill Hillary Clinton’s vacated Senate seat. He will hold a press conference in Albany, NY around noon et to make this announcement.
This is not a household name, even for the native NY’ers, but she worked on Hillary’s Clinton’s 2000 campaign for this Senate seat, and is a member of Blue Dog Coalition, a group of Democrats who hold more conservative views than their liberal Dem counterparts. This news comes after Caroline Kennedy reported she is taking herself out of the running, citing personal reasons.
Former Merrill Lynch CEO John Thain leaves Bank of America, months after he shepherded a deal between the 2 entities. His exit is the latest departure of top executives at Merrill, illustrating how tough it has been for the 2 banks to come together.
The Treasury Dept agreed to give Bank of America $20 bn in funds from the bailout money to help Bank of America ‘digest the deal’ so to speak. Joe Johns is going to get out his microscope and keep them honest. Why did the government push for this merger to begin with? Didn't they know this could be a marriage Not made in heaven? Hmmm, tune in at 10pet to find out!
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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