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Obama Says Economy 'Likely To Get Worse'

Melody Barnes, President-elect Barack Obama's choice as Domestic Policy Council director, stands alongside him during a press conference.
Saul Loeb
/
AFP/Getty Images
Melody Barnes, President-elect Barack Obama's choice as Domestic Policy Council director, stands alongside him during a press conference.

President-elect Barack Obama today formally announced his economic team and issued a downbeat forecast. "The economy is likely to get worse before it gets better," he said.

That is unwelcome news for Julia Cox; she has been looking for employment in the Los Angeles area since January. The college-educated, mother of two shares her story with Farai Chideya.

Plus, economist Keith Reed of the Cincinnati Enquirer offers his reporting and analysis. Reed blogs at Keith Reed's Money Corner.

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