(CNN) - Democratic presidential candidate Sen. Barack Obama on Friday called for an economic plan for working families, saying, "We cannot only have a plan for Wall Street.
"We must also help Main Street," he said.
While "tough new regulations on financial institutions" are needed, the Illinois senator called for an emergency economic plan for working families.
Obama spoke after meeting with his economic advisers in Coral Gables, Florida.
Obama on Friday also backed administration and congressional leaders' efforts to develop a "a more stable and permanent solution" to the U.S. financial crisis.
Obama's statement came after Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and Securities and Exchange Commission Chairman Christopher Cox met with congressional leaders to discuss a plan that would allow banks to get rid of bad mortgage-related assets that have been a drag on their balance sheets.