January 2nd, 2009
02:28 PM ET

Obama’s Economic Summit

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Brianna Keilar | Bio
CNN Congressional Correspondent

President-elect Obama will meet with House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid Monday to discuss his proposal for the new economic stimulus plan, which leaders are now referring to as an "economy recovery plan", a Senate Democratic leadership aide said Friday. Obama, Pelosi and Reid are then hoping to meet with Senate Minority Leader Mitch McConnell and House Minority Leader John Boehner, the aide told CNN.

The President-elect's staff contacted McConnell's office about meeting on Monday but the time and location has not been buttoned down, said a Senate Republican leadership aide. "It's likely to happen but the details still need to be worked out," said the aide. Asked if Republicans are satisfied with what appears to be an effort by Obama to include them in discussions about the new economic stimulus package the GOP aide said, " It depends on what the meeting is - if it's just a photo opp or if they're really reaching out."

Obama aides would not confirm any Monday meetings.

As House Democratic aides said Speaker Pelosi would like to move a stimulus bill through the House by the second week in January, McConnell and Boehner both expressed concerns this week about the size of the economic rescue effort and if oversight of the plan will suffer because of Democrats' ambitious timeline. Those concerns persist. McConnell's office says he will release another statement Friday, reiterating the concerns he raised early this week.

Filed under: Barack Obama • Brianna Keilar • Economy • Finance
soundoff (3 Responses)
  1. Joanne, Solvay, NY

    What exactly is "the bones" of the stimulus package? The definition of the "bail out" lacked accountability....that had a name too. Where and when do we get the detail?

    January 2, 2009 at 5:29 pm |
  2. Annie Kate

    It would be better to pass the bill after putting safeguards in it instead of hurrying to pass something. We don't want to act in haste only to have to repent in leisure later. With all the corruption these days and all the greed the stimulus plan needs to have a great deal of oversight and accountability.

    January 2, 2009 at 4:13 pm |
  3. Diana

    In these tight economic times, I wonder who are the four guests currently staying in all four of Blair House's four townhouses?

    I certainly expected the President who signed the No Child left Behind Act to comprehend the necessity to avoid undue interrpution of the school term caused for all involved by late entries to academic classes.

    I also thought the tranistion team would have been briefed on the status and schedule of Blair House prior to a request being formulated for the Obama's to be allowed to move in in early January, 2009.

    According the guest book for Blair House, its was last used by Nancy Reagan after the death of former President Ronald Reagan.

    January 2, 2009 at 4:09 pm |