President-elect Obama is calling on economic experts
By NEDRA PICKLER, Associated Press Writer
CHICAGO – President-elect Obama is calling on economic experts to discuss the first steps toward healing a damaged economy as he forms a new administration in the face of a worsening crisis.
"We're not starting from nowhere," said Lawrence Summers, a Treasury secretary under President Clinton and one of the 17 members of Obama's transition economic advisory board who were to meet Friday with Obama.
Leaders of business, government and academia to meet with Obama and Vice President-elect Joe Biden include executives from Xerox Corp., Time Warner Inc., Google Inc. and the Hyatt hotel company. Investor Warren Buffett was participating by telephone.
More evidence of a recession came Friday when the government reported that the unemployment rate had jumped from 6.1 percent in September to 6.5 percent in October.
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