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Obama Planning Address To Congress

By CBS News White House correspondent Mark Knoller

President Obama is planning to deliver his first address to a Joint Session of Congress next month.

"(He) probably will do so in late February," said White House Press Secretary Robert Gibbs in response to a question from CBS News.

(AP Photo/Charles Dharapak)
It could be in the style of a State of the Union Address, in which Mr. Obama would offer his assessment of the situation in which the finds the nation – just over a month after taking office.

Eight years ago, then-President Bush addressed Congress about five weeks after he took office. It was an economic speech in which he laid out his plans for the budget and the tax cuts he wanted enacted.

It's Mr. Obama's hope that Congress will enact an economic stimulus by Presidents' Day, February 16th

"We are experiencing a unprecedented, perhaps, economic crisis that has to be dealt with, and dealt with rapidly," Mr. Obama said this morning at the start of a meeting with Congressional Leaders.

He conceded that "frankly, the news has not been good" in the daily briefings he's receiving from his top economic advisors. A daily briefing on the economic situation will be part of his daily schedule.

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