Obama to receive daily economic briefing - WMC Action News 5 - Memphis, Tennessee

Obama to receive daily economic briefing

WASHINGTON (AP) - President Barack Obama will get a daily economic briefing, similar to the national security briefing he receives every morning.

White House spokesman Robert Gibbs on Thursday said Obama wants to know the most up-to-date-information as he and his top aides work on reviving the struggling economy.

The new administration is facing skyrocketing home foreclosures and job layoffs, tightening credit and a weakening dollar.

Gibbs says economic adviser Lawrence Summers briefed Obama, Vice President Joe Biden, chief of staff Rahm Emanuel and other top advisers Thursday morning. He says that briefing and future closed-door meetings will help Obama make decisions about how to best move forward.

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