Barack Obama will hold his first press conference as president-elect on Friday afternoon, following a meeting with his economic advisory team and facing some fresh and troubling U.S. economic data.
Obama plans to talk to reporters at 230 p.m. Eastern after meeting with advisers including former Treasury Secretary Robert Rubin, Los Angeles Mayor Antonio Villaraigosa and Xerox Chairman and CEO Anne Mulcahy. Billionaire investor Warren Buffett will also participate via speakerphone.
Obama and his advisers huddle Friday amid yet more gloomy news for the U.S. economy. The U.S. labor market shed 651,000 jobs in the past three months, driving the unemployment rate to its highest point in more than 14 years, the Labor Department reported Friday.
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