The moderate Democratic Leadership Council suspends operations. Liberals rejoice, others say the DLC succeeded in moving the party to the middle.
Obama has named economist Gene Sperling as head of the National Economic Council. The president has made other moves to patch up relations with the business community.
Obama brings aboard William Daley, a moderate Democrat and fellow Chicagoan, as his new chief of staff. Daley, seen as a tough but fair manager, could help White House ties to the business community.