Overnight, protesters forcibly storm the Argentine embassy in Santiago and set it on fire because of the Argentine government's support for President Sebastián Piñera. Ambassador José Octavio Bordón is unharmed and now considering moving the embassy.
The United States Congressional Budget Office estimates that the federal government will run a record $1.2 trillion budget deficit in fiscal year 2009, that the current recession will last well into this year, and that the enactment of an economic-stimulus plan would increase that deficit.
Conflict in Russia (Chechnya): Russian President Vladimir Putin's government offers 300 million rubles (USD 10 million) for information leading to the arrest of Chechen rebel leaders Shamil Basayev and Aslan Maskhadov. Maskhadov was the last democratically elected leader of Chechnya.