Friday, February 27, 2009

There's a new EIB in town

President Obama and senior administration officials have begun receiving a daily CIA report on the global economic crisis in addition to briefings on terrorist threats and other national security issues, CIA Director Leon E. Panetta said Wednesday.

The CIA's role in producing the report underscores the level of anxiety within the administration over how rapidly the economic downturn is spreading, as well as its potential to hobble foreign governments and trigger instability overseas.

The report, called the Economic Intelligence Brief, was launched at the request of the White House and delivered for the first time Wednesday.

Panetta said the document would survey major economic developments internationally and focus on how plunging markets and credit pressures are driving the decisions in nations including Russia and China.

Taking back the country-- and the language, one abbreviation at a time. From L.A. Times via Energy Bulletin

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