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President-elect Barack Obama absent from multi-national forum.

President-elect Barack Obama was absent from a multi-national summit in Washington, D.C. dealing with the lagging global economy, MSNBC reported Sunday. Obama cited that he was cautious to let President George W. Bush represent the nation. Obama seems intent on not to overtly wielding his political power until being sworn into office Jan. 20.
Obama did note in his Democratic radio address that he was pleased Bush has taken the initial steps in looking to solve the economic crisis.

ABC news reported that Obama was much more direct with congress, urging them to at least approve a down payment on a new economic bail–out package that would address increasing rates of unemployment and the failing auto industry. While Obama has initially suggested $175 billion, some experts believe a figure closer to $300 billion is in order. Obama has indicated that he would be flexible to further outside suggestions.

http://www.msnbc.msn.com/id/27752740/

http://abcnews.go.com/Business/wireStory?id=6265590