Alert: Obama Press Conference

US President-elect Barack Obama and Vice President-elect Joe Biden will hold a news conference at 2:30 EST on Friday after meeting with their team of economic advisers to discuss the transition to the White House.

Obama and Biden will be joined by economic advisers, including former Treasury Secretaries Lawrence Summers and Robert Rubin, former Chairman of the Federal Reserve Paul Volcker, former Securities and Exchange Commissioner William Donaldson and several others. Berkshire Hathaway Chairman Warren Buffett will participate via phone.

All major networks are expected to carry the press conference live.

Add Two More Names to Obama's Economic Mini-Summit

Earlier today, I reported on Barack Obama's economic mini-summit. In addtion to those mentioned in the earlier post, you can add Bush administration veterans former Treasury Secretary Paul O'Neill and former Securities and Exchange Commissioner William Donaldson to the list of attendees.

For my take on O'Neill, read my review of Ron Suskind's biography of O'Neill, The Price of Loyalty, here.