Obama Picks Emanuel As Top Aide ; Russia, Markets Illustrate Obstacles

Summary


President-elect Barack Obama on Wednesday tapped for his chief of staff Rep. Rahm Emanuel, architect of the Democrats' congressional gains in the past two elections, as the party's House leaders vowed to use their total control of Washington to enact an agenda long stymied by Republicans and President Bush.

But the day after his historic election as the country's first black president, Mr. Obama awoke to a world in which Russian President Dmitry Medvedev threatened to deploy short-range missiles aimed at Eastern Europe and the Dow Jones Industrial Average plummeted 486 points.

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Obama Picks Emanuel As Top Aide ; Russia, Markets Illustrate Obstacles

The turmoil in international relations and in the stock market underscored the grave challenges ahead for Mr. Obama, who will enter the Oval Office already embroiled in two wars and a global economic meltdown.

Mr. Obama kept a low profile in Chicago with no public appearances beyond a visit to the gym. In Washington, House

Speaker Nancy Pelosi, California Democrat, vowed to use ...

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