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Wednesday, November 5, 2008 4:00 AM

Top Transition Stories - 11/5

A roundup of today's top stories from across the Web:

Barack Obama "will take office in 76 days, but the moves he begins making tomorrow will immediately begin to define his presidency," the Washington Post reports. "He is expected to name a White House chief of staff in the next day or two, and the clear front-runner is Rep. Rahm Emanuel, his longtime friend and ally from Chicago."

• Obama "has a transition operation well under way to enable him to unveil selections for positions such as Treasury Secretary and Secretary of State soon," Reuters reports.

• "Whoever" Obama "names to replace Treasury Secretary Henry Paulson will be particularly important since the federal government has already taken unprecedented steps to intervene in the financial markets," CNNMoney.com reports.

• "No president since before" Obama "was born has ascended to the Oval Office confronted by the accumulation of seismic challenges awaiting him," the New York Times reports. "Historians grasping for parallels point to Abraham Lincoln taking office as the nation was collapsing into Civil War, or Franklin D. Roosevelt arriving in Washington in the throes of the Great Depression."

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