Obama 'to curb role of lobbyists'
Even before Barack Obama has formally taken over the Presidency of the US, he has given indication of reversal of many of President Bush's actions and executive orders. President elect's office has also come out strongly against the role of lobbyists in the US administration and announced that their role will be curtailed in the new administration.
US President-elect Barack Obama will introduce rules to restrict the role of lobbyists as he shapes his administration, says a senior official.
Transition chief John Podesta said Mr Obama would introduce "the strictest and most far reaching ethics rules of any transition team in history".
He promised the "most open and transparent" ever handover of power.
Mr Obama's defeated Republican rival John McCain, meanwhile, cracked jokes about his defeat on a US talk show.
In his first post-election TV interview, Arizona Senator McCain said that since being trounced by Mr Obama in last week's election he had been "sleeping like a baby".
"I sleep two hours, wake up and cry," he added, repeating a gag he made after losing to George W Bush during the Republican primaries in 2000.