Also, one thing I -- I put out a little note to you a little bit earlier and sent out the President's executive order on transition. Just a few words about that before I go to questions.
The smooth and collegial transfer of power from one presidential administration to the next is a hallmark of American democracy. And it's always an enormous undertaking and requires hard work and a lot of coordination.
It has probably never been more critical that a transition from an administration, from one to the next, is as seamless as possible. Our nation is at war, we are dealing with a financial crisis, and we are trying to protect ourselves from terrorist attacks.
President Bush directed the White House and the entire administration to be thinking about these issues and to work to ensure that this transition is as smooth as possible,
This morning the President signed an executive order on the presidential transition. It will help coordinate efforts that are already underway. This will ensure the seamless transition that the President has called for. Staff here at the White House and other officials throughout the administration have already been working with transition representatives from the two major party candidates.
The EO released today creates a Transition Coordinating Council, and that will coordinate all of the transition efforts of the agencies. The first meeting of that council will be October 15th, next Wednesday at the Eisenhower Executive Office Building. The Transition Coordinating Council includes people with authority and expertise relevant to presidential transitions, and in areas of special focus, including national security, homeland security, and our economy.
I believe it's fair to say that we are doing more than has been done before to prepare. And there are a couple of reasons for that. Things are a little bit different now. One thing that's different is that we have a Department of Homeland Security that we did not have in 2000. Of course, there wasn't a need for a transition in 2004. Also, in 2004, the Intel Reform Act was passed. And that bill allowed sitting presidents to start working with major party candidates' designees prior to the President-elect being named.
We've been in contact with both candidates' transition teams by phone and in person. That started last summer -- this past summer 2008, to be clear. We've worked to facilitate security clearances for key transitional personnel from both teams. We've worked to establish working groups within the White House and throughout the administration to outline internal roles and responsibilities. Each agency has been directed by the President to prepare briefing materials. And also, career executives at the agencies have been involved in a range of activities to ensure that they're ready to provide continuity during the transition.
We've provided information to assist in identifying the most important positions to focus on, including details relating to responsibilities as well as the appointment, security clearance, and confirmation processes. Throughout our discussion and efforts, I would characterize the two candidates' transition teams as being very cooperative in spirit and tone. Each candidate's designees have been treated equitably. All information that is shared with one is shared with the other and at the same time. This is not about politics; this is about doing the very best for our nation. And I'll be happy to answer any questions on it that you have.