U.S. President-elect Barack Obama will hold a "fiscal responsibility summit" next month with members of Congress and other groups to discuss entitlement programs and the economy, The Washington Post reported on Thursday.
Obama's biggest priority in the initial days of his administration will be stabilizing the ailing U.S. economy, but the paper said he told advisers he wanted to tackle problems with entitlement programs such as Social Security and the Medicare health insurance program during his watch as well.
"What we have done is kicked this can down the road. We are now at the end of the road and are not in a position to kick it any further," Obama told the newspaper. "We have to signal seriousness in this by making sure some of the hard decisions are made under my watch, not someone else's."
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