Former Fed Chief to Give Obama Report on Stimulus Plan

President Obama is getting an update on the nation's economy from former Federal Reserve Chairman Paul Volcker.

Volcker is chairman of Obama's economic recovery advisory board. He is set Friday to brief the president and his economic team on how the $787 billion stimulus package is working. After the private meeting, the president plans to give brief remarks.

The economy has dominated Obama's schedule since taking office.

On Thursday, Obama met with state officials about their plans to spend their economic stimulus dollars and then met with business leaders about their worries. Obama has been striking an optimistic tone despite the flailing economic indicators.