Obama to Meet With Congress on Economy

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.
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