By CAROLYN LOCHHEAD, San Francisco Chronicle

Next president will inherit a big fiscal challenge

WASHINGTON -- The two lawyers and the Navy pilot running for president declared their candidacies during a long economic expansion. But today, they are seeking to lead the world's biggest economy as policymakers scramble to confront a financial meltdown that at times has more resembled events in Argentina or Indonesia than the United States.

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For Democrats, it's a race again

WASHINGTON -- The attacks on Sen. Barack Obama's credibility, ethics and experience that pushed Sen. Hillary Rodham Clinton to a convincing victory in swing-state Ohio and helped her cling to Texas came back full circle the day after.

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Obama's candidacy shakes up racial politics

WASHINGTON -- The contest for the Democratic presidential nomination between Sens. Hillary Rodham Clinton, a white woman, and Barack Obama, a black man, has scrambled 21st century identity politics, producing startling turns in an election that, whatever its outcome, will make history.

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Delegate distribution challenges math acumen

WASHINGTON -- Call it Super Complicated Tuesday: a virtual national primary that may not yield a clear winner in the high-stakes showdown between Democratic Sens. Hillary Rodham Clinton of New York and Barack Obama of Illinois, even if one grabs most of California's 370-delegate mother lode.

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Obama takes big risk on driver's license issue

WASHINGTON -- Sen. Barack Obama easily won the African American vote in South Carolina, but to woo California Latinos, where he is running 3-to-1 behind rival Sen. Hillary Rodham Clinton, he is taking a giant risk: spotlighting his support for the red-hot issue of granting driver's licenses to illegal immigrants.

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