Obama to meet with governors about economic crisis

President-elect Barack Obama is meeting with the country's governors on Tuesday to talk about how the economic crisis is affecting their states, CNN reported.

President-elect Barack Obama will talk with governors about how their states are affected by the economy.

President-elect Barack Obama will talk with governors about how their states are affected by the economy.

The national governors' meeting, taking place in Philadelphia, Pennsylvania, comes a day after the National Bureau of Economic Research officially declared the United States' economy to be in a recession.

The governors are asking the president-elect for federal money to help them get their states back on track.

Obama's remarks before the National Governors Association will be carried live on CNN and CNN.com at 10 a.m. ET.

Obama and congressional Democrats have pledged to pass an economic stimulus package when Obama takes office in January. House Democrats said Monday that they will push for an economic recovery package of up to $500 billion.

The governors want about $136 billion to use for what they call "ready-to-go projects," like water and sewer projects or building roads and bridges. They want another $40 billion to go toward Medicaid programs.

Pennsylvania Gov. Ed Rendell, who is chairman of the National Governors Association, says that for every $1 billion the states get from the federal government, the governors believe they can create 40,000 jobs.

"This is the best way to recharge the American economy," Rendell said Tuesday on CNN's "American Morning."

Rendell said the governors are going to ask for a strong commitment to infrastructure repair, including bridges, roads, highways and schools.

He said he hopes the federal government will also help the states with their Medicaid burden.

"When the economy is bad, the social service demands grow. When the economy is bad, people lose health care. And that means many of them come to the Medicaid system. And we need help in sharing that burden," he said at a news conference Monday. "By no means are we looking to the federal government to relieve us of that responsibility. We know first and foremost it's our responsibility. But we do need some help."

But not all governors support turning to the federal government for help. In an op-ed in The Wall Street Journal, Republican governors Mark Sanford of South Carolina and Rick Perry of Texas urged governors "from both sides of the political aisle to join with us in opposing further federal bailout intervention."

"The federal government is not only burying future generations under mountains of debt. It is also taking our country in a very dangerous direction -- toward a 'bailout mentality' where we look to government rather than ourselves for solutions," they wrote.

Rendell, however, disputed the notion that governors are after a bailout.

"Investing in the country's infrastructure, investing in renewable energy -- those aren't bailouts. These are things that actually produce jobs, unlike the bailouts that we've seen of Wall Street and of the banks, that don't produce one new job," he said.

"We're not coming to the president-elect and saying 'Help us' without having taken steps to help ourselves," he said.

Obama's meeting with the governors comes a day after he rolled out his national security team. Obama announced his economic team one week earlier.

The president-elect on Monday announced Sen. Hillary Clinton as his pick for secretary of state, calling her an "American of tremendous stature who will have my complete confidence."

Obama also confirmed that he is keeping Defense Secretary Robert Gates in his current post.

Rounding out his Monday announcements, Obama named retired Marine Gen. Jim Jones as his national security adviser, Eric Holder as attorney general, Arizona Gov. Janet Napolitano as homeland security secretary and Susan Rice as ambassador to the United Nations.

Iran lowers import of Turkey-made cars
Iran lowers import of Turkey-made cars
Iran discloses details of exports via Kerman Province
Iran discloses details of exports via Kerman Province
Iran's National Information Network to function alongside global internet
Iran's National Information Network to function alongside global internet
Loading Bars
Latest
Azerbaijan's cotton company to purchase tires via tender
Turkmenistan's Turkmengas opens tender for purchase of electrical products
Iran lowers import of Turkey-made cars
Energy Community welcomes adoption of Law on Energy and Water Supply by Georgia
Iran discloses details of exports via Kerman Province
UK PM urges unity in global fight against COVID-19
Iran's National Information Network to function alongside global internet
Iran reveals details for returning of currency earnings from exports
Lebanese security forces kill two members of armed group
Iran's import of chemicals from Turkey dips
Weekly review of Azerbaijan's precious metals market
Total volume of non-bank deposits in Georgia′ s banking sector up
Italy considers production of Italian denim fabrics in Uzbekistan
Iranian Energy Exchange announces products to be on sale September 27
Azerbaijan's Anglo Asian Mining reveals revenue forecast for this year
UK records another 6,042 coronavirus cases
Brazil exceeds 140,000 deaths from COVID-19
Iran, Iraq discuss bilateral ties, regional developments
Turkey unveils goods shipment figures from Lebanon via its ports
Serbia to further boost ties with Turkey, President Vucic says
Deputy Health Minister – Georgia maintains ‘dark green zone’ status on global COVID-risk scale
EU-Kazakhstan Cooperation Committee debate COVID-19 impact, coop issues
Ukraine's president orders prompt investigation of plane crash
Iran's Bahar Azadi gold coin price continues to rise
Azerbaijan's FM meets with EU Special Representative for South Caucasus (PHOTO)
Azerbaijani president congratulates his China counterpart
England's COVID-19 app does not accept a third of test results
Kazakh cities introducing smart technologies via Smart City projects
Volume of cargo shipment from Spain across Turkish ports revealed
Kazakhstan increases exports to Greece despite COVID-19
Import of cars from Turkey by Georgia shows drop
Iran reveals its COVID-19 data for September 26
Azerbaijani ambassador meets with Russian St. Petersburg's governor
Azerbaijan confirms 131 more COVID-19 recoveries
Kazakhstan, EU eye establishing direct air flights
Azerbaijani president expresses condolences to president of Ukraine
Uzbekistan, Egypt eye to co-op regarding electrical equipment production
Russia reports over 7,500 coronavirus cases in the past day
Turkmenistan’s Turkmentruba opens tender to buy chemical products
Kazakhstan's postal service operator to buy coal via tender
Volume of loans issued by Georgian commercial banks down
Loan portfolio of banks, NBCOs in Azerbaijan down
Volume of cargo shipment from Egypt across Turkish ports revealed
Weekly review of Azerbaijan's currency market
Azerbaijani oil prices on the rise
Volume of food oil exported from EAEU to Turkmenistan revealed
Average monthly salary in Baku increases
Member of Pakistani Senate: Ethno fascism of Armenia - menace to regional stability
Total assets of Azerbaijani banks decline
Share of Turkish cars on Israeli market down
Uzbek airport to buy accumulator batteries and agriculture tires via tender
Uzbek airport to buy auto parts via tender
China increases import of Turkish cars
Turkey's chemicals exports to Georgia down
Turkish gov't: Pashinyan's statement on Azerbaijan, Turkey - attempt to deceive world community
Philippines surpasses 300,000 confirmed coronavirus cases
Azerbaijani delegation to UN: Armenian attempts to disguise unlawful actions by self-determination - fundamentally flawed
Georgia increases export of apples
Turkmenistan's Turkmenabat chemical plant develops co-op with country’s private sector
Another rise in food prices expected in Georgia
Number of oil and gas wells drilled in Iran revealed
Uzbek-Korean AO Uz-Dongwon opens tender for transport services
Azerbaijan's MFA: Armenian MFA's worthless statement can't deny truth said by President Aliyev
Uzbek-Korean Uz-Kor Gas Chemical LLC to buy software via tender
Uzbekistan to create its own COVID-19 vaccine
China's Changan Ford JV sales to grow this year, company official says
Iranian currency rates for September 26
Georgia reports 296 new COVID-19 cases
Uzbek potash fertilizers export to Indonesia to be increased
Turkmenistan brings home its citizens from Turkey amid COVID-19 threat
Russian’ Astrakhan interested in importing Turkmen textiles
Armenia violates ceasefire with Azerbaijan 48 times
Number of coronavirus cases in Uzbekistan approaches 55,000
Mitsubishi Motors to cut 500-600 jobs to reduce costs
Mitsubishi Motors to cut 500-600 jobs to reduce costs: sources
Every 250th person on Earth already contracted coronavirus
Latvia ready to provide access to its sea ports to Central Asian countries
Uzbekistan reduces import of electrical goods from Turkey
Gakharia: Georgia is a part of European civilization
Chinese mainland reports no new locally transmitted COVID-19 cases
American Airlines to get $5.5 bn loan from US Treasury
Togo's prime minister and government resign, presidency says
Brazil exceeds 140,000 deaths from COVID-19
124 illegal immigrants rescued off Libyan coast: UN
Seventeen more coronavirus patients die in Moscow in past day — crisis center
U.S. COVID-19 cases surpass 7 mln -- Johns Hopkins University
FAA chief set to conduct 737 MAX evaluation flight next week
UK pledges over $400 million for WHO, calls for end to 'ugly rifts'
25 people killed in military plane crash in Ukraine (UPDATE)
UAE reports 1,008 new COVID-19 cases, 89,540 in total
Turkmen textile company reveales production volume
Coronavirus cases pass half-million mark in France
Kazakhstan's export to Romania decreases amid COVID-19
TRT World aires documentary on devastating effects of Armenian-Azerbaijani conflict (VIDEO)
Inflow of Turkish labor migrants to France plunges to record low
Iran's trade with EU declines
Google to block election ads after November 3
Police officer shot dead at custody centre in London
Turkmen textile company talks impact of COVID-19 on exports
Level of dollarization on individuals' bank deposits in Azerbaijan increase
All news