Obama to Meet With Congress on Economy

First talks with congressional leaders since election will cover stimulus plan
By Rob Quinn,  Newser Staff
Posted Jan 2, 2009 4:30 AM CST
President-elect Barack Obama waves as he departs Honolulu for Chicago yesterday.   (AP Photo/Gerald Herbert)
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(Newser) – Barack Obama's Hawaiian holiday is over, and he's now preparing to meet with congressional leaders Monday to discuss jump-starting America's economy, reports Reuters. Aides say the meetings—the president-elect's first with Congress since winning the election—will cover Obama's proposed stimulus package and a range of other issues.

Obama's aides have spoken of a recovery package in the ballpark of $700 billion, although Republicans have expressed fears that Democratic lawmakers could push it over a trillion. Congressional Democrats are aiming to have a stimulus bill ready for the new president on his first day in office, but the tight scrutiny and extensive hearings called for by Republicans are likely to nudge that goal out of reach.