Obama moves on to prepare for White House life

Obama has yet to decide who will head the Treasury Department as the U.S. struggles with fallout from the global financial crisis and economic meltdown.

Potential candidates for the post include, according U.S. media speculation, Timothy Geithner, president of the Federal Reserve Bank of New York, former Treasury Secretary Lawrence Summers and former Federal Reserve Board Chairman Paul Volcker.

The latter two were to meet with Obama on Friday as members of a transition economic advisory board.

The first family-to-be on Monday will visit the White House at the invitation of President George W. Bush.

The current and incoming presidents were scheduled to discuss the economic meltdown during the visit while their wives were to tour the presidential residence.

"I thank him (Bush) for reaching out in the spirit of bipartisanship that will be required to meet the many challenges we face as a nation," Obama said in a statement.

The Obamas are expected to fly to Hawaii in December to honor Obama's late grandmother who died on Sunday in Honolulu, taking a break before they begin their adventure in Washington D.C.

Editor:Zhang Pengfei