Obama and McCain Bury Hatchet in Chicago Sitdown

US President-elect Barack Obama (R) meets with former Republican presidential candidate Arizona...

US President-elect Barack Obama (R) meets with former Republican presidential candidate Arizona Senator John McCain at Obama's transition offices in Chicago on November 17, 2008. They are meeting for the first time since the election was held 13 days ago. The meeting in Chicago between the victor of the November 4 election and the Arizona senator put substance to Obama's promise of reaching out to old opponents as he crafts an expansive agenda for the next four years.

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Bill Clinton Talks About His Wife's Job Prospect

Bill Clinton was in Kuwait today for a symposium sponsored by the National Bank of Kuwait, and he spoke about the possibility of his wife joining the Obama administration.

"If he [Obama] decided to ask her and they did it together, I think she'll be really great as a secretary of state. Whatever happens or doesn't happen is between Obama and her," Bill Clinton said, according to Bloomberg News.

The former president said both he and Hillary Clinton worked hard for Obama's election, "but she didn't do what she did with the hope or expectation of getting any kind of job offer, much less having this discussed."

Obama said that he has been studying the writings and history of Abraham Lincoln who packed his Cabinet with political rivals.

"I tell you what, I find him a very wise man," Obama told "60 Minutes."

He also said there will be at least one Republican in his Cabinet.

Obama and the future first lady Michelle Obama talked about their looming life in the bubble of the White House with CBS' "60 Minutes" over the weekend. They looked back at where they came from, including such highlights as Obama's old Chicago bachelor pad near Harold's Chicken Shack.

"That was a dump," Michelle Obama recalled.

And his car where the air-conditioning was a hole in the floor where the rust had eaten through.

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"That was my side," said Michelle." "I would look and see the ground going past. And I still married him."

When Obama tried to muse about what he will miss now that he will be surrounded by the Secret Service and a large service staff, he spoke about being able to take a walk or wash the dishes, which the president-elect said he found "soothing."

"You?" his wife interjected. "Since when was it ever soothing for you to wash the dishes?"

Obama will be needing some soothing because crises are brewing while Obama is still formulating his Cabinet, and at least one may erupt in the days before he takes office.

Congress will take up a bill this week to funnel tens of billions of dollars to General Motors to prevent it from a financial collapse that could take down related companies, along with hundreds of thousands of well-paying jobs.

The bill is opposed by the Bush administration as well as many Republicans in Congress. It is also not certain whether GM can survive long enough to get help from an Obama administration.

"Let's see how this thing plays itself out," Obama told "60 Minutes." "For the auto industry to completely collapse would be a disaster in this kind of environment, not just for individual families, but the repercussions across the economy would be dire."

He suggested that the billions should be spent despite the effect it would have on the country's deficit.

"We shouldn't worry about the deficit next year or even the year after. That short term, the most important thing is that we avoid a deepening recession," Obama said.

The president-elect said he has two fiscal priorities, restore confidence in the economy and help homeowners threatened with foreclosure to stay in their homes.