`The Greatest Economic Challenge of Our Lifetime`

U.S. President-elect Barack Obama (center in the front row) holds his first news conference since his election Friday in Chicago. Vice President-elect Joe Biden with his arms crossed and White House Chief of Staff appointee Rahm Emanuel with his hands in his pockets listen to the news conference side by side. From the left in the back row are Laura Tyson, former chairwoman of the President’s Council of Economic Advisers; former Democratic Congressman David Bonior; former Treasury Secretary Robert Rubin; Michigan Governor Jennifer Granholm; former Federal Reserve Chairman Paul Volcker Time Warner Chairman Richard Parsons; Xerox CEO Anne Mulcahy; and former Treasury Secretary Lawrence Summers.