Nov. 6 (Bloomberg) -- President-elect Barack Obama will meet tomorrow with his economic advisory group, a team that includes billionaire investor Warren Buffett, ex-Commerce Secretary William Daley and former Federal Reserve Chairman Paul Volcker.

After the meeting in Chicago, Obama will hold his first press conference since winning the U.S. presidential election on Nov. 4, according to a statement from his transition team. Vice President-elect Joe Biden will also attend.

A pressing issue for the group is deciding on appointments for top economic jobs. Obama is looking to name a Treasury secretary nominee quickly as he confronts the financial meltdown and begins to craft his administration's response to the crisis.

Leading candidates for the Treasury post are Lawrence Summers, who ran the department under President Bill Clinton, and Timothy Geithner, president of the Federal Reserve Bank of New York, people close to the Obama camp have said. Another ex- Clinton Treasury chief, Robert Rubin, has taken himself out of the running.

Rubin and Summers are also on Obama's economic advisory team. Other members include Laura Tyson, who served as Clinton's top economic adviser; former Fed Vice Chairman Roger Ferguson; Time Warner Inc. Chairman Richard Parsons; former Securities and Exchange Commission chairman William Donaldson and Xerox Corp. Chief Executive Officer Anne Mulcahy.

Michigan Governor

Google Inc. CEO Eric Schmidt, Michigan Governor Jennifer Granholm and Roel Campos, an ex-SEC commissioner, are also on the advisory board. Buffett will participate in the meeting via speakerphone, the transition said.

The Treasury is overseeing the $700 billion bailout package passed by Congress last month. Thus far, Treasury Secretary Henry Paulson has set aside $250 billion of the funds to take equity stakes in banks.

Today, Paulson pledged to ensure an easy changeover at his agency. He has already set aside office space at the department for Obama aides.

``A methodical and orderly transition is in the best interests of the financial markets, and Treasury is committed to making sure that the incoming team can hit the ground running in January,'' Paulson said in a statement.

The press conference after tomorrow's meeting will be held at 1:30 p.m., Chicago time, the transition team said.

Obama, also today, named Representative Rahm Emanuel, a Chicago Democrat, as his White House chief of staff.

To contact the reporter on this story: Robert Schmidt in Washington at rschmidt5@bloomberg.net.

Last Updated: November 6, 2008 17:17 EST