Obama won't attend global financial summit in New York

New York, Nov.11 : U.S. President-elect Barack Obama will not attend the Bush administration's global financial summit this weekend in Washington, his senior aide Robert Gibbs said on Monday.

"He's very interested and thought it was very good to have the meeting. But in a phrase you'll hear in exceedingly large numbers of times between now and the 20th of January, there's only one president at a time," Politico quote Gibbs, as saying.

He-however, said that other members of Obama's transition team might meet with the foreign leaders.

Obama has headed back to Chicago, where he is expected to remain for the rest of the week with Vice President-elect Joe Biden to work on the transition.

Obama does not plan to announce any Cabinet selections this week, although he might make White House staff appointments.

ANI