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Obama and Biden announced a new middle class task force Friday. Obama called the economic crisis the "worst contraction in close to three decades." (Joshua Roberts/Bloomberg News)

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Biden to Become Middle Class Guru

President Obama announced that Vice President Biden will chair a new task force on Middle Class. At the White House Friday, Obama called the economic crisis "a continuing disaster for America's working families." Biden announced a Web site for the task force, which will meet Feb. 27 in Philadelphia.

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Obama Blasts Banks Bonuses

President Obama blasted Wall Street bankers after a report that employees of financial companies in N.Y. collected nearly $18.5 billion in bonuses in 2008. As Chip Reid reports.

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