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.
In 2008, Obama was nominated for president, a year after his campaign began, and after a close primary campaign against Hillary Clinton. He was elected over Republican John McCain, and was inaugurated on January 20, 2009. Nine months later, Obama was named the 2009 Nobel Peace Prize laureate.