Obama Holds First News Conference As President-Elect

By: Associated Press
By: Associated Press

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President-elect Obama says he is appreciative of the cooperation that President Bush has offered in smoothing his transition to the White House.

He said "we only have one president at a time." Obama also told reporters Friday that he's confident that "a new president can have an enormous impact. " But Obama also said that he understands that until next Jan. 20, the current administration is in charge.

He said he also appreciated Bush's "commitment that his economic policy team keep us informed." He also said he was "grateful" that he has invited Obama and his wife, Michelle, to the White House on Monday.

He said he expected to have a substantive conversation with Bush
at that time and that "I am not going to anticipate problems."

Obama said he wants to go into the talks with Bush with "a spirt of bipartisanship and a sense that both the president and various leaders of Congress all recognize the severity of the situation right now."

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