From Julianna Goldman at Bloomberg:
July 27 (Bloomberg) — Democrat Barack Obama said he is convening a meeting on the economy tomorrow that will include former Treasury Secretary Robert Rubin, former Federal Reserve Chairman Paul Volcker and billionaire investor Warren Buffett as he pivots to the U.S. economy after a nine-day trip abroad.
From Major Garrett at FOXNews last night:
I wanted to share with you what Laura Tyson, former President Clinton’s head of the Council of Economic Advisers, said the group talked about in the context of a U.S. economy in the midst of an emergency.
From Tyson’s comments:
No one feels that we know for sure that there aren’t other bank failures out there, that no one feels for sure that we have, uh, seen a solution yet to the potential down-ward cycle of falling home prices, falling asset values in financial institutions, unwillingness of financial institutions to lend, credit contraction, further falling housing prices bringing in prime real estate, bringing in credit card debt, etc.
From John Whitesides at Reuters:
U.S. Democratic presidential candidate Barack Obama will meet with Federal Reserve Chairman Ben Bernanke on Tuesday afternoon to discuss the U.S. economy and Obama’s proposals to bolster it, a campaign aide said.
The Illinois senator will meet Bernanke at the Federal Reserve at 2 p.m. and also will talk by telephone in the morning with Treasury Secretary Henry Paulson, Obama spokeswoman Jen Psaki said.
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