The part of an overall economy that is primarily made up of money markets, banking institutions and brokers. The finance sector is a very important aspect of most large and highly developed economies, such as those in the United States, the United Kingdom, Japan and Switzerland.
The inauguration of Barack Obama as the 44th President took place on January 20, 2009. In his first few days in office, Obama issued executive orders and presidential memoranda directing the U.S. military to develop plans to withdraw troops from Iraq.
On November 4, 2008, Obama defeated the Republican nominee, Senator John McCain of Arizona, making him the President-elect and the first African American elected President. He was the third sitting U.S. Senator, after Warren G. Harding and John F. Kennedy, to be elected President.pon the vote of the Electoral College on December 15, 2008, and the subsequent certification thereof by a Joint Session of the United States Congress on January 8, 2009, Barack Obama was elected President of the United States and Joe Biden Vice President of the United States, with 365 of 538 electors.