US President-elect Barack Obama has appointed a team of high-level advisers including billionaire investor Warren Buffett and Google chief executive Eric Schmidt to guide his thoughts on the economy ahead of taking office on January 20, The Telegraph reports.
Mr Obama’s team – to be called the Transition Economic Advisory Board (TEAB)– will meet for the first time on Friday to discuss the state of the economy and the prospect of taking early action ahead of his inauguration. The President-elect will meet with the board in Chicago on Friday, before then giving his first press conference since being elected at 1.30pm local time (7.30pm GMT). It is not known if he will use this opportunity to appoint his first Treasury Secretary – although speculation was mounting on Thurday night that he may well do so. A STARK WARNING from the IMF that t...
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