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Obama to Discuss Transition with Bush Next Week, Hold News Conference Friday


U.S. President-elect Barack Obama is to meet Monday in Washington with Republican President George Bush, about 10 weeks before he takes the reins of power from the unpopular incumbent.

In a statement on Thursday, Mr. Obama said he and his wife Michelle look forward to meeting with Mr. Bush and first lady Laura Bush to begin the transition process. Mr. Obama won the election Tuesday to become the first African-American to be elected president of the United States.

The 47-year-old Illinois senator today was receiving a highly classified briefing today on intelligence matters. Aides say Mr. Obama plans to meet with his economic team and hold his first news conference as president-elect on Friday.

Obama is expected to soon name his choice for Treasury secretary, as he readies to take office and inherit the country's worst economic crisis since the Great Depression. His choice for chief of staff, Rahm Emanuel, accepted that job today - Thursday. Emanuel is an Illinois congressman who also served under former President Bill Clinton.

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