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Obama to get report on stimulus plan from Volcker

(Agencies)
Updated: 2009-03-13 22:32

WASHINGTON -- President Barack Obama is getting an update on the nation's economy from former Federal Reserve Chairman Paul Volcker.

In this Feb. 20, 2009 file photo, Paul Volcker, Chairman of the President's Economic Recovery Advisory Board listens to colleagues at the Center on Capitalism and Society at Columbia University 6th Annual Conference on Emerging from the Financial Crisis in New York. [Agencies]

Volcker is chairman of Obama's economic recovery advisory board. He is set Friday to brief the president and his economic team on how the $787 billion stimulus package is working. After the private meeting, the president plans to give brief remarks.

Related readings:  US, Britain urge more stimulus to break recession  Stimulus might create fewer US jobs than intended

The economy has dominated Obama's schedule since taking office.

On Thursday, Obama met with state officials about their plans to spend their economic stimulus dollars and then met with business leaders about their worries. Obama has been striking an optimistic tone despite the flailing economic indicators.