OBAMA ANNOUNCES TRANSITION TEAM

The campaign announces the operation will be orchestrated by John Podesta, Valerie Jarrett, and Pete Rouse. Team will also include former Clinton Commerce Secretary William Daley, Governor Janet Napolitano, former Clinton Transportation and Energy Secretary Federico Peña, foreign policy adviser Susan Rice and more. Read the full release here. Read about Obama's transition team in the New York Times, the Washington Post and the Wall Street Journal. Plus: TIME's Thompson on easing in Obama as Commander-in-Chief. And Wash Post's Balz on why the campaign gives some clues to how Obama will govern.