Fresh from victory in getting Congress to approve his controversial economic stimulus program, President Barack Obama is wasting no time making sure that it is put into effect.
On Monday, the White House will convene what it terms a fiscal summit, where "a frank discussion will be held on how we can address the long-term fiscal problems facing the nation."
Officially called the Fiscal Responsibility Summit, the two-day conclave will have more than 130 participants, including the Democratic and Republican congressional leadership.
It will conclude with an "unusual" address by Obama before a joint meeting of Congress on Tuesday evening. The meeting was orchestrated by House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid in a letter sent to the White House, a copy of which was obtained by Newsmax.
Among the noted participants at the presidential summit will be Arizona Sen. John McCain and Mark Zandi, chief economist at Moodys.com.
In addition to Obama, other participants include the vice president; Robert Greenstein, executive director of the Center on Budget and Priorities; and Peter Oszag, director of the Office of Management and Budget.
According to the White House, issues such as health care, Social Security procurement, taxes and revenues will be discussed.
Also on Tuesday, the president will officially welcome his first foreign guest to Washington, Japanese Prime Minister Taro Aso.
On Sunday evening, the president hosts a private White House dinner for the nation's governors. On Monday, Obama will address the National Governors Association winter meeting in Washington, D.C.
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