"Help is On the Way"

The president-elect makes his third appearance this week on the economy in Chicago. Names former Fed chairman Paul Volcker to head a new White House panel designed to boost the economy and stabilize financial markets. Click above to watch a clip. Read Obama's prepared comments, and read the transition release here. Says his goal in staffing his economic team is to "combine experience with fresh thinking." TIME's Justin Fox: "Given Volcker's history, it is awfully interesting." RNC response: "He fails to explain how he will pay for massive spending increases outside of raising taxes...."