Nov 7, 2008
Obama will submit its response to the economic crisis
Barack Obama was preparing Friday to present its response to the economic and financial crisis during his first press conference since his election as head of the United States, which seemed to come a little closer to recession.
The task is immense. The market for U.S. jobs has deteriorated again in October: unemployment jumped to 6.5%, its highest level in more than 14 years. Wall Street nonetheless rebondissait Friday, after two meetings in free fall.
The elected president should give at the first press conference, scheduled for 19H30 GMT from its stronghold of Chicago (north), the outline of his plan of action, in response to the worst financial crisis since 1929.
He had to meet before its main economic advisers, including former secretaries of the Treasury Bill Clinton, Lawrence Summers and Robert Rubin, the former boss of the Federal Reserve Paul Volcker and the boss of Google, Eric Schmidt.
It should not announce the name Friday eagerly awaited the next Treasury Secretary, according to his team.
Four are in line for this crucial position which will oversee the implementation of the rescue plan of 700 billion dollars in October adopted by Congress: MM. Volcker, Summers (now a professor at Harvard), Rubin (director of the bank Citigroup) and Timothy Geithner, president of the Federal Reserve in New York.
Before his appointment to the crucial day, Barack Obama Friday morning to attend another important meeting ... a meeting between parents and teachers at the school of his daughters, Malia, 10, and Sasha, 7, with his wife Michelle.
The 44th U.S. president, 47 years, will take office on January 20 but began this week to set up its management team, appointing one of its Thursday close, the pugnacious Rahm Emanuel, 48 years, as Secretary General to the White House.
The elected president spoke by phone with leaders of several countries - Germany, France, Great Britain, Israel, Japan, Mexico, South Korea, Canada and Australia - rushed to mark the distance with the policy Past President George W. Bush.
The financial crisis, but also Afghanistan, global warming and the nuclear issues of Iran and North Korea have dominated these discussions.
The reform of financial system has been at the heart of Mr. Obama talks with French President Nicolas Sarkozy, British Prime Minister Gordon Brown and Prime Minister of Japan Taro Aso.
Many of these heads of state and government are expected on November 15 in Washington for a summit of G20 on the financial crisis and bringing together the leaders of industrialized countries and emerging economies.
The Bush administration calls for short-term measures to increase financial transparency and risk management. Europeans, beginning with the French, demanding that the summit would produce more substantive results.
The Democratic chairman of the House of Representatives, Nancy Pelosi, voted Friday in the Wall Street Journal for a quick vote of a plan to revive the U.S. economy in two areas: 60 to $ 100 billion in the first Meanwhile, in November, then a measure early next month which could include a "tax cuts permanent."
Mr. Obama must also receive Friday its second daily report of the CIA, ultra-secret and reserved exclusively to the President on the situation in the world and the dangers that threaten the United States.
President Bush, who will meet Monday at the White House with his successor, warned Thursday against the risk of terrorist attacks in the United States during the transition period.
by erectusplus at 9:24 AM |
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