White House Press Secretary released the following statement about the press conference: "As we start our final full week here in the White House, President Bush will hold his last press conference at 9:15a.m. in the James Brady Press Briefing Room. The president will make a brief opening statement, commenting on the important role the White House press corps has in covering presidents and the White House, and then will take questions. The president is looking forward to discussing the important events of the last eight years as well as issues in the news today.
While Mr. Bush will likely face questions on the status of the remaining $350 billion in federal bailout funds, Perino tells CBS News Mr. Bush won't make a formal announcement or discuss it in his opening statement.
Perino says nothing has changed since Friday when she issued this statement:: "There have been discussions between the Administration and the Transition team on how to proceed, should the President-elect determine that he would like President Bush to notify Congress on his behalf of the intent to use the remaining $350 billion so that it will be available early in the new Administration. No final decisions have been made"