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ABC News is reporting that Barack and Michelle Obama have arrived at The White House and were greeted by President and Mrs. Bush.

President Bush and President-elect Obama have now entered the Oval Office and plan to spend the next hour and a half discussing the transition. A quick transition from one administration to the next was a key recommendation of the 9/11 Commission.

CNN reports:

The meeting between the president and president-elect is a historic formality, but it's also a time for serious talks. Monday will mark the first time that Obama has visited the Oval Office. The two are expected to discuss "a broad range of issues," focusing on the economy, according to a leader of Obama's transition team. "It's clear that we need to stabilize the economy, to deal with the financial meltdown that's now spreading across the rest of the economy. The auto industry is really, really back on its heels," transition team leader John Podesta said.

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