President-elect Barack Obama held a meeting with a number of his economic experts to discuss the first steps toward healing a damaged economy as he forms his new administration in the face of a worsening economic crisis.
Leaders of business, government and academia met with President-elect Obama and Vice President-elect Joe Biden. This group include executives from Xerox Corp., Time Warner Inc., Google Inc. and the Hyatt hotel company. Investor Warren Buffett was participating by telephone.
Obama also was held his first news conference as president-elect after the meeting.
Both today's meeting and press conference were held less than 72 hours after Barack Obama was elected to serve at the 44th U.S. president. The quick pace of his transition efforts reflects the difficult economic and market conditions we are facing.