President-elect Barack ObamaBarack ObamaOvernight Finance: GOP divided over welfare cuts in budget | Lawmaker loses M on pharma stock he pitched | Yellen says another financial crisis unlikely in our lifetimes Why UK millennials voting for socialism could happen here, too Overnight Regulation: EPA moves to repeal Obama water rule | Labor chief to review overtime rule | Record fine for Google MORE offered his condolences today to victims of the terrorist attacks in Mumbai, after news that American citizens were killed.

"Michelle and I send our deepest condolences to the loved ones of the American citizens who lost their lives in the outrageous terrorist attacks in Mumbai. Our thoughts and prayers are with them, and with all who have been touched by this terrible tragedy," Obama said in a statement issued by his transition office.