WASHINGTON (CNN) - President Barack Obama will deliver remarks in the Rose Garden on Monday to mark the five-year anniversary of the collapse of Lehman Brothers, which triggered a massive, nationwide financial meltdown.
A White House official said Obama would discuss his record on creating jobs during the first five years of his presidency, as well as his administration's continued efforts to bolster hiring. The unemployment rate currently stands at 7.3% - far lower than when Obama took office in January 2009, but still high compared to historic levels.
The lower unemployment rate also reflects millions of Americans who have either given up looking for work, or who have taken part-time or lower paying jobs.
Obama's remarks will also come less than a month ahead of an anticipated budget showdown with Congress. The measure providing funding for the federal government expires at the end of the month, and a battle is expected between the White House and Republicans on Capitol Hill who disagree on how to reduce the federal debt. Another deadline in October, this one on increasing the federal debt ceiling, is also set to pit Republican lawmakers against Obama.
The White House official said Saturday the president will warn against more "self-inflicted wounds from Washington" during his event Monday.
Obama will be joined on-stage and in the audience by people the White House says have benefited from his economic recovery proposals over the last five years.