President-elect Barack Obama said in his weekly address on Friday that his economic team is forging a two-year Economic Recovery Plan that will create 2.5 million new U.S. jobs. Here is the video of Obama’s address:

AFGHANISTAN: Obama told Afghan President Hamid Karzai in a phone call on Saturday that he will increase U.S. aid (WSJ) to Afghanistan, according to a statement from Karzai’s office. The call was the first reported contact between Karzai and Obama.

APEC: The Washington Post reports leaders at this weekend’s Asia-Pacific Economic Cooperation forum focused their attention on U.S. President-elect Barack Obama, cautioning him not to take too protectionist a tack on trade.