President huddles with his successor on bailout plans
(NEWSER) - The federal government's response to the economic crisis is part of a team planning effort, with Barack Obama working closely with President Bush in a bid to bring confidence back to spooked financial markets, the New York Times reports. The president's aides are coordinating efforts with Obama's new economic team, and Bush has spoken directly with his successor about the Citigroup bailout and unresolved parts of the Treasury's bailout plan. More»