First Press Conference: Obama Pledges To Tackle US Economy

"We know the challenges that tomorrow will bring are the greatest of our lifetime: two wars, a planet in peril, the worst financial crisis in a century."- Barack Obama (victory speech)

Barack Obama has vowed to confront the global economic crisis "head on", in his first news conference since his victory in the country's election.

Obama, who had earlier held talks with his 17-member economic advisory team in Chicago, said the US faced the "greatest economic challenge of our lifetime" and that "we must act swiftly to resolve [it]".

"My priority is, how do we grow the economy and how do we grow more jobs?" Obama said, alongside members of his advisory board and Joe Biden, the vice-president elect. Read more>

UPDATE - Nov 8, 2008: Watch the full video of President-Elect Obama's remarks at the press conference below.