Obama to Participate in Town Hall Meeting on CBS

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CBS News says it will be holding a town hall meeting on the economy with President Obama on Wednesday.

"Face the Nation" anchor Bob Schieffer and "Early Show" anchor Erica Hill will join Obama before a live audience at the Newseum in Washington, D.C., the network announced Friday. Questions also will come from a nationwide online audience.

The one-hour event will be broadcast on Thursday during the 8-to-9 a.m. Eastern hour of "The Early Show."

Excerpts will be aired on Wednesday's "CBS Evening News" and on a special edition of "Face the Nation" on May 15.

Meanwhile, preparations are under way for a town hall meeting next month on the economy with leading Republicans, CBS said.