Obama faces a Cold War threat and a warning from Israel
Gordon Brown became one of the first world leaders to congratulate Obama in a ten-minute telephone call last night. Aides said they discussed Obama’s plans for a phased withdrawal from Iraq and his commitment to boost forces in Afghanistan.
Speaking from the South Lawn of the White House, President Bush said he would be meeting Mr Obama next week and is making ‘unprecedented efforts’ to make a smooth transition during his final 74 days in office.
As if the instant foreign policy tests were not enough, Mr Obama was also facing more economic problems with the Dow Jones Index dropping for a second successive day.
Wall Street greeted his election win by plunging nearly 500 points on Wednesday and it was down again by 274 points in afternoon trading.