CBSN

Obama Focuses on the Economy Today; Will Prep for Debate Later This Week

(CBS)
From CBS News' Maria Gavrilovic:

(CHICAGO) Barack Obama will continue to focus on the financial crisis today - for the eighth straight day in a row. In Green Bay, Wisc., he will deliver what the campaign is calling a "major speech" on the economy which will include proposals for improving the regulatory system as well as closing corporate tax loopholes.

Obama appeared in two interviews last night, both of which focused predominantly on the economy.

In an interview with "60 Minutes," Obama said with certainty that the economy is in a recession and that the government does not have any good choices left.

"I think by the time Secretary Paulson and-- the Federal Reserve Chairman Bernanke were looking at these problems, they had no good options left."

In an interview with CNBC's John Harwood, Obama said he would want Henry Paulson to be involved in with his presidential transition team.

"That doesn't necessarily mean that he'd end up being the secretary Treasury, but I think it's important for us to make sure that those who are currently in charge when it comes to the financial crisis and defense and intelligence, that they are deeply involved in the transition process," Obama said.

Obama will take a break from the campaign trail for the rest week, as he prepares for the first presidential debate on Friday. He will head down to Tampa, Fla., for three days of intense debate preparation.