The President-Elect's Weekly Address

In case you missed it, here is President-elect Barack Obama with his weekend radio/web address in which he discussed a major part of the country's economic problems -- the mortgage crisis. He also used the opportunity to formally announce that he has selected Shaun Donovan, New York City's commissioner of Housing Preservation and Development to be the next U.S. Secretary of Housing and Urban Development.

"In the end, expanding access to affordable housing isn’t just about caring for the least fortunate among us and strengthening our middle class -- it’s about ending our housing mess, climbing out of our financial crisis, and putting our economy on the path to long-term growth and prosperity," said Obama. "And that is what Shaun and I will work to do together when I am President of the United States."

Have a look: