Friday, November 7, 2008

Today's Headline. Obama swings into action

CHICAGO - PRESIDENT-ELECT Barack Obama was meeting on Friday with economic experts to discuss the first steps toward healing the damaged US economy as he forms a new administration in the face of a worsening crisis.

Mr Obama and Vice President-elect Joe Biden were to meet with 17 members of their transition economic advisory board. Members include former presidential Cabinet officials and executives from Xerox Corp., Time Warner Inc., Google Inc. and the Hyatt hotel company.

Famed billionaire investor Warren Buffett was participating by telephone.

'We're not starting from nowhere,' said Lawrence Summers, a Treasury secretary under President Bill Clinton and one of the members of the advisory board.


No comments: