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– U.S. president-elect Barack Obama, hoping to boost a struggling economy, has proposed a stimulus package that some experts estimate could cost as much as $190 billion.

SCENARIOS-Obama faces acute economic challenges (Reuters via Yahoo! UK & Ireland News)
– After his triumph at the polls on Tuesday, U.S. president-elect Barack Obama will face a host of economic problems on a scale not seen since the 1930s.

Bank Pressured For Big Rate Cut (SkyNews via Yahoo! UK & Ireland News)
Bank of England rate-setters meet today under pressure to deliver the biggest cut in interest rates for more than 15 years.