Good morning.

Our early headlines:

-- Pentagon Says Two-War Strategy Not Likely To Be Scrapped.

-- Baghdad Rocked Again By Deadly Bomb Blasts.

Other stories making headlines:

Among the stories about today's unveiling of the Obama administration's new defense strategy is a New York Times report that says projected cuts in the number of Army troops would mean the military would no longer "be able to carry out two sustained ground wars at one time, as was required under past national military strategies."

The death toll is rising in Baghdad from another series of deadly bombings apparently aimed at Shiite Muslims.

About 30 people were killed today and more than 60 wounded, according to authorities, by explosions near two sites where day laborers were gathering to look for construction work.

For 35 years, Willis Welch received a pecan pie every Christmas. From whom? He has no idea. Now the Columbus Dispatch reports the sweet streak is ending. This Christmas, the last pie came with a note explaining "I am a little too fat to fly anymore." Signed, "Pie Fairy."

The Green Bay Packers are favored to repeat as Super Bowl champions, according to oddsmakers in Las Vegas. The Denver Broncos are not favorites. Quarterback Tim Tebow's team managed one close victory after another this season. But the odds are 120-1 against Denver winning it all.

President Obama used a recess appointment to name Richard Cordray head of the Consumer Financial Protection Bureau Wednesday. Unlike similar appointments, the Senate hadn't technically recessed.

President Obama campaigned outside Cleveland, Ohio, Wednesday, where he announced the appointment of a new consumer watchdog. The president used a recess appointment to install Richard Cordray. That might have been routine, but the Senate is not officially in recess.

Steve Inskeep has business news.

Linda Wertheimer has the Last Word in business.