Obama to meet with economic team on Tuesday

U.S. President-elect Barack Obama will meet with members of his economic team on Monday, including his nominee for treasury secretary and his pick to run the National Economic Council.

Obama's transition office said Obama would hold the meeting in Chicago but gave no further details.

In addition to Obama and Vice President-elect Joe Biden, attendees at the meeting will include Secretary of Treasury-designate Timothy Geithner, National Economic Council Director-designate Lawrence Summers and Office of Management and Budget Director-designate Peter Orszag.

Also included in the meeting will be Christina Romer, appointed to run the Council of Economic Advisors; Domestic Policy Council Director-designate Melody Barnes; Carol Browner who will coordinate energy and climate change policy and former Federal Reserve Chairman Paul Volcker, whom Obama has appointed to chair the President's Economic Recovery Advisory Board.

Obama, who has proposed a massive economic recovery plan aimed at creating 2.5 million jobs, said in a news conference on Monday his administration would work on creating long-term solutions for sustained economic growth.

"Here's what I'm confident about, that our economic recovery plan, our 21st-century investments will create jobs immediately that would not otherwise be created," Obama told reporters.

"We've got shovel-ready projects all across the country that governors and mayors are pleading to fund. And the minute we can get those investments to the state level, jobs are going to be created."