Inside Details of President-Elect Barack Obama's First Press Conference

The nation’s sagging economy is expected to be in the spotlight Friday as President-elect Barack Obama and Vice President-elect Joe Biden hold their first news conference since the election, reports CNN.

Before the news conference, Obama and Biden will meet with a 17-member council of economic advisers.

Among the panelists are former Treasury Secretaries Lawrence Summers and Robert Rubin, former Fed Chairman Paul Volcker, billionaire businessman Warren Buffett and other leaders in business and politics.