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.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • News on WMCTV.comNewsMore>>

  • breaking

    MPD investigates double homicide on W. Peebles Rd.

    MPD investigates double homicide on W. Peebles Rd.

    Saturday, March 25 2017 11:53 PM EDT2017-03-26 03:53:35 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    Memphis Police Department is investigating a possible double homicide on West Peebles Road.  

    More >>

    Memphis Police Department is investigating a double homicide on West Peebles Road.  A major with the MPD confirmed that two people are dead after a shooting.  We're hearing from multiple family members that a brother of one of the victims, a 62-year-old man, said the two men got into an argument. One opened fire, hitting the first victim. He then went out to his car, came back to the home and shot the other man, killing him. We have a crew on the scene and updat...

    More >>
  • TN lawmakers speak on failed healthcare bill

    TN lawmakers speak on failed healthcare bill

    Saturday, March 25 2017 11:44 PM EDT2017-03-26 03:44:57 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    Tennessee lawmakers are sharing their thoughts on Friday’s failed healthcare bill overhauling Obamacare.  

    More >>

    Tennessee lawmakers are sharing their thoughts on Friday’s failed healthcare bill overhauling Obamacare.  

    More >>
  • Tri-State Defender celebrates 65 years

    Tri-State Defender celebrates 65 years

    Saturday, March 25 2017 11:30 PM EDT2017-03-26 03:30:41 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    A longtime newspaper in the Mid-South is celebrating a big milestone. The Tri-State Defender celebrated its 65th anniversary with a Leaders and Legends gala on Saturday night. 

    More >>

    A longtime newspaper in the Mid-South is celebrating a big milestone. The Tri-State Defender celebrated its 65th anniversary with a Leaders and Legends gala on Saturday night. 

    More >>
Powered by Frankly