The highest decision-making body of the party met at the residence of Sonia Gandhi and was attended by party vice- president Rahul Gandhi and former Prime Minister Manmohan Singh.
Top Congress leaders Ghulam Nabi Azad, P Chidambaram, Ambika Soni, Janardan Dwiwedi and other CWC members were present during the meeting.
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The leaders are likely to discuss the current political situation in the country and the issue of forging a larger opposition unity.
Senior members of the CWC are likely to discuss the raging issue of cow vigilantism and also the economic situation, party sources said.
They said the CWC is expected to ratify the schedule for organisational polls. According to the schedule, the next Congress president has to be elected by October 15.
The CWC is meeting at a time when the Congress is seeking to unite opposition parties ahead of the presidential election.
It wants a broad coalition of opposition parties in place ahead of the 2019 Lok Sabha elections to take on the BJP. The BJP and its allies have gained in strength since the Modi government was formed in May 2014.
The CWC members had in November unanimously expressed "strong sentiment" for Rahul's elevation for the first time and may take it further.
At the November-7 meeting, all members, including former prime minister Manmohan Singh and senior leader A K Antony, had made a strong pitch for Rahul to take over the reins of the party.
The Congress president has created a record by being at the helm of the 130-year-old organisation for nearly two decades since late Sitaram Kesri's ouster by the CWC in early 1998.
Rahul was appointed party vice president in January 2013 at the Congress's brainstorming session in Jaipur.