Bush, Obama Both Rise Early in 2009

ABC News’ Kirit Radia and Sunlen Miller Report: If President Bush’s New Year’s plans were any indication, it appears the outgoing commander-in-chief is more eager to look ahead than to dwell on what’s behind.

The president rang in the New Year this morning with an early morning walk around the lake on his ranch in Crawford, Texas.

Money, Secrets Top DC Watchdog Worries in ’09

Call them the three S’s: Spending, Secrets and Spying. Those are the major issues good government groups say they will be focused on in 2009, according to an informal poll by ABCNews.com.

Call them the three S’s: Spending, Secrets and Spying. Those are the major issues good government groups say they will be focused on in 2009, according to an informal poll by ABCNews.com.

The Debt Trap

Bank of America employees on the Michigan State campus offered giveaways like water bottles, backpacks and games to persuade students to apply for credit cards and other bank services.

Colleges Profit as Banks Market Credit Cards to Students

EAST LANSING, Mich. — When Ryan T. Muneio was tailgating with his parents at a Michigan State football game this fall, he noticed a big tent emblazoned with a Bank of America logo. Inside, bank representatives were offering free T-shirts and other merchandise to those who applied for credit cards and other banking products.

As Recession Deepens, So Does Milk Surplus

Arthur Machado of Machado Farms & Dairy checks on his head of dairy cattle during their afternoon feeding in Fresno, CA.

FOWLER, Calif. — The long economic boom, fueled by easy credit that allowed people to spend money they did not have, led to a huge oversupply of cars, houses and shopping malls, as recent months have made clear. Now, add one more item to the list: an oversupply of cows.

And it turns out that shutting down the milk supply is not as easy as closing an automobile assembly line.