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NEW YORK (CNNMoney.com) – President Obama on Tuesday outlined the administration's efforts to restart the economy and warned that tough times and decisions lie ahead, according to prepared remarks of a speech he'll present in Washington.

Obama pointed to more job losses and foreclosures as well as "difficult and unpopular choices" when it comes to restructuring the auto industry and insurance giant American International Group (AIG). The government has already sunk $182 billion into propping up AIG.

The Obama administration is under pressure to address the financial crisis on many different fronts. While job losses and foreclosures continue to mount, the credit markets remain frozen.

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WASHINGTON (CNN) - President Barack Obama announced a "comprehensive" new strategy Friday confronting the growing threat in Afghanistan and now Pakistan.

Obama said "situation is increasingly perilous" in the region and 2008 was the deadliest year of the war for U.S. forces in Afghanistan.

"It's an international security challenge of the highest order," he said in an address at the executive office building. "The safety of people around the world is at stake."

He called on Congress to pass a bipartisan bill co-sponsored by Sens. John Kerry and Richard Lugar authorizing "$1.5 billion in direct support to the Pakistani people every year over the next five years – resources that will build schools, roads, and hospitals, and strengthen Pakistan's democracy."

He is also urging Congress "to pass a bipartisan bill co-sponsored by Maria Cantwell, Chris Van Hollen and Peter Hoekstra that creates opportunity zones in the border region to develop the economy and bring hope to places plagued by violence. And we will ask our friends and allies to do their part – including at the donors conference in Tokyo next month."

Obama is introducing his budget.

(CNN) – President Obama is introducing his budget proposal at the White House.

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Related: Obama seeks $200 billion for war spending

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(CNN) – President Barack Obama and Canadian Prime Minister Stephen Harper are holding a briefing after meeting one-on-one.

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Watch Gregg explain why he withdrew his name to be Commerce Secretary.

(CNN) - New Hampshire Sen. Judd Gregg held a press conference Thursday explaining why he withdrew his name to be the next Commerce secretary.

Rep. Barney Frank is presiding over a House committee hearing where the CEO's of several major banks will testify. Watch it on CNN.com/live.

WASHINGTON (CNN) - The CEO's of several large banks that have received funds from the government as part of the Wall Street bailout are testifying on Capitol Hill about how they used public money.

Watch the hearing now on CNN.com/live.

Treasury Secretary Geithner announced the Obama administration's new financial stability plan Tuesday.

(CNN) – Treasury Secretary Timothy Geithner is laying out the specifics of the administration's Term Asset-Backed Securities Loan Facility (TALF) plan.

Watch: Geithner lays out plan

"Instead of catalyzing recovery, the financial system is working against recovery. And at the same time, the recession is putting greater pressure on banks," Geithner said. "This is a dangerous dynamic, and we need to arrest it."

Read Geithner's full prepared remarks after the jump

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(CNN) - President Obama is holding a bill signing ceremony to expand the State Children's Health Insurance Program.

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WASHINGTON (CNN) - Facing new evidence of a darkening economic climate, President Barack Obama on Friday established a new middle class task force to assess the status of average-income Americans and recommend new ways to strengthen the economy.

The president also signed several executive orders to support organized labor, a key Democratic constituency.

Addressing an audience of business and union leaders in the White House, Obama said it is time for the the government to act "boldly and swiftly" to assist a struggling middle class.

"The American people expect us to act and that's exactly what I intend to do," he said.

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WASHINGTON (CNN) – Defense Secretary Robert Gates opened his first comments to Congress as President Barack Obama's defense secretary Tuesday with the clear message that Afghanistan is at the top of his to-do list.

"There is little doubt that our greatest military challenge right now is Afghanistan," Gates said in his opening statement before the Senate Armed Services Committee, adding that Obama has made it the top military priority overseas.

Watch the testimony on CNN.com/live

Later, in response to a question from the committee's chairman, Sen. Carl Levin, D-Connecticut, he said missile strikes in Pakistan will continue in an effort to root out al Qaeda members who have based themselves across the border from Afghanistan.

And in one of the clearest indications of the military's planning to add troops in Afghanistan, Gates outlined a deployment of two brigades by spring and a third by late summer.

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The Blagojevich impeachment trial is airing live on CNN.com/live.

(CNN) - The Illinois Senate is conducting the impeachment trial of the state's governor, Rod Blagojevich.

Watch it now live on CNN.com/live.

President-elect Obama is in Ohio Friday.

(CNN) - President-elect Obama is speaking about his economic stimulus plan in Ohio.

Watch on cnn.com/live

(Read Obama's prepared remarks after the jump)

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Daschle's confirmation hearing is underway.

WASHINGTON (CNN)– The opening gavel came down on President-elect Barack Obama's cabinet confirmation hearings Thursday morning as Health and Human Services secretary nominee Tom Daschle appeared before the Senate Health, Education, Labor and Pensions Committee.

Daschle, a national co-chair of Obama's presidential campaign, represented South Dakota in the Senate from 1987 to 2005. He served as the Senate Majority Leader from 2001 to 2003.

The Senate Health, Education, Labor and Pensions Committee is chaired by Sen. Ted Kennedy.

In a bipartisan gesture, Daschle was formally introduced to the committee by another South Dakota Democrat - Sen. Tim Johnson - and former Republican Senate leader and 1996 presidential nominee Bob Dole.

Watch the event on CNN.com/live.

Barack Obama nominated his chief performance officer Wednesday.

(CNN) - Barack Obama nominated Nancy Killefer as his chief performance officer, a newly-created position focused on bringing back fiscal order.

Full story

Watch Obama announce his economic team on CNN.com/live.

(CNN) – President-elect Barack Obama is announcing his economic team in Chicago.

(Update: This event has concluded)

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Palin campaigned in Missouri earlier Monday.

JEFFERSON CITY, Missouri (CNN) - After warning an audience Monday in Missouri that a government run by Democrats would “gut” defense spending, Palin asked the crowd: “Do they think that terrorists have all of a sudden become the good guys?”

“So what do they think?,” Palin mused, referring to Democrats. “Do they think that terrorists have all of a sudden become the good guys? And changed their minds? No, the terrorists still seek to destroy America and her allies and all that it is that we stand for: freedom, tolerance, equality. The terrorists have not changed their minds.”

Her question was new, but Palin was pushing an argument she has made frequently in the closing week of the campaign - that Democrats in Congress, led by Rep. Barney Frank, favor a cutting the defense budget by a fourth.

“This is not the time to gut the defense budget, and this is not the time to entrust the powers of the federal government to the one party rule of Obama, Pelosi and Reid,” Palin said.

Frank, the chairman of the House Financial Services Committee, has said he would favor a 25 percent cut in defense spending, but Obama has said he would actually increase military spending.

Watch the event on CNN.com/live.

(CNN) – John McCain held a campaign rally on the Tennessee/Virginia border earlier Monday, during which he highlighted comments Barack Obama has made on coal.

"You know we found out yesterday what Sen. Obama really thinks about coal." he told the crowd. "In a new video talking about his policies on coal, he said... 'if somebody wants build a coal powered plant they can. It is just that it will bankrupt them.' How out of touch is that?...I am not going to let our coal industry go bankrupt."

Watch the event on CNN.com/live.

(CNN) - Barack Obama held a campaign rally in Jacksonville, Florida earlier Monday.

It was his last stop in the crucial battleground state before the election.

Watch: Obama makes his case in Jacksonville

“This is gonna be close here in Florida – this is gonna be close across the country,” he said.

CNN Political Producer Mike Roselli also reports Obama appeared to forget where he was at one point - confusing Ohio with the Sunshine State. He corrected himself and moved on with his well rehearsed closing argument speech – one he has given for a week with just slight variations.

Watch the event on CNN.com/live.

(CNN) - Joe Biden held a campaign rally in Lee's summit Missouri earlier Monday, the first of the Democratic VP candidate's last four rallies.

Watch: Biden says Obama will bring a new 'brand' of politics

Introducing Biden, Missouri Sen. Claire McCaskill took a shot at Republican VP candidate Sarah Palin.

"Barack Obama chose the very best person in the country that could be president of the United States. And well, let's just say John McCain didn't," she said.

Biden also has stops in Ohio and Pennsylvania Monday.

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(CNN) - John McCain is holding a town hall event in Peterborough, New Hampshire this hour.

Watch the event on CNN.com/live