Washington (CNN) – President Obama will propose using $200 billion from the Troubled Asset Relief Program (TARP) to support creating jobs, White House officials confirmed Monda
The president, in an economic speech before the Brookings Institution on Tuesday, will argue that the money would be well spent by funding projects to build bridges and roads, weatherize homes, and provide other assistance for small businesses as well as the unemployed.
Washington (CNN) - Several White House officials confirm President Obama will appear in a public service announcement with NFL players DeMarcus Ware, Drew Brees, and Troy Polamalu. The 90-second spot will air during the NFL Thanksgiving games, and a shorter version will run throughout the football season.
The ad has Obama playing touch football on the White House lawn with local children and the Pittsburgh Steelers safety Polamalu, New Orleans Saints quarterback Brees, and Dallas Cowboys linebacker Ware. The spot is to promote the NFL's Play 60 campaign which tackles childhood obesity by encouraging physical exercise, and Mr.Obama's community service project United We Serve. During the spot the president wears a Chicago Bears jacket recognizing his home team.
WASHINGTON (CNN) – A White House official involved in negotiations with Congress on health care reform confirms to CNN that President Obama will go to Capitol Hill Friday to meet with the House Democratic caucus to push forward on health care legislation.
The House is expected to hold a floor vote Saturday on the bill.
WASHINGTON (CNN) - President Barack Obama is sending a pair of top Cabinet officials next week to visit the Chicago, Illinois, school where an honors student was beaten to death, the beating videotaped and broadcast around the world.
Education Secretary Arne Duncan and Attorney General Eric Holder will make the trip October 7, White House Press Secretary Robert Gibbs said Thursday.
"It's a great concern to the president, as somebody who lives in Chicago and should be a concern for every American," Gibbs said.
Obama spoke with his advisers about the killing on Wednesday and directed Duncan and Holder to meet with officials from the school, the students and the community to "talk about the issue of school violence," Gibbs said.
WASHINGTON (CNN) - Talk about a power lunch.
President Obama will meet for lunch Monday with former President Bill Clinton in New York City, the White House confirmed.
The two men are slated to meet after Obama gives a speech on the economy at Federal Hall in lower Manhattan.
Both attended a memorial service in New York City last week for Walter Cronkite.
WASHINGTON (CNN) – White House spokesman Bill Burton says President Obama's speech to school children was not altered as a result of the controversy over the remarks - that it is the same speech that was originally to be delivered to students before critics began accusing the President of trying to indoctrinate the nation's children.
Press Secretary Robert Gibbs says the speech was "largely written (over) the past week or two." White House officials say the claims by Jim Greer, the chair of the Republican party of Florida, are not credible.
Greer originally said the speech was "socialist ideology." Since Greer read the speech he has backed off that claim and reversed his position, saying he will now send his four children to school to listen to the President's remarks. Greer accused the White House Monday of putting out an altered speech, but admitted he had no proof substantiating his claim.
WASHINGTON (CNN) - The President's vehicle fondly known as "the Beast" just pulled into the BP gas station on the corner of 13th and N Streets, NW in Washington.
I was filling my own tank when the four-vehicle motorcade pulled up to the station.
The heavily-armored black limousine with license plate #800-002 was unmistakable.
The other black vehicles with their flashing red lights stood by as Secret Service agents jumped out of their vehicles to fill up.
People pumping their gas at the local station looked on incredulously.
WASHINGTON (CNN) - On the eve of his fourth prime-time news conference, President Barack Obama was working the phones, calling lawmakers involved in the health care talks to push them to embrace reform, White House Communications Director Anita Dunn said Wednesday.
It follows the president's Tuesday meeting with Democrats at the White House, dubbed a "serious working session" where "major progress" was made, Dunn said.
Senior administration officials said the president will not meet with lawmakers Wednesday but was temporarily shifting focus to the discussions with visiting Iraqi Prime Minister Nuri al Maliki, the joint news conference with him, and then the prime-time news conference Wednesday. Obama was talking with his advisors and staff throughout the day regarding any updates from Capitol Hill on the state of play in the health care debate.
Aides said the president's opening statement at the news conference will be approximately seven minutes long. It will focus primarily on health care, but also will be a "report card" on the administration's accomplishments during the first six months, and where the administration needs to go, aides said. The president was still tinkering with the speech at mid-afternoon, but aides said there were no "holes" in it as such, to put in news of any anticipated legislative "breakthroughs" from Congress.
WASHINGTON (CNN) - A violent thunderstorm that ripped through the nation's capital late Tuesday afternoon knocked down a tree at the White House.
"It was a European Linden that was planted in 1940," said White House spokesman Bill Burton. "It is not a commemorative tree – meaning that it wasn't planted by a President to mark an occasion or individual. Tomorrow, the National Parks Service will likely grind it up into mulch to be used on the grounds."
WASHINGTON (CNN) – The White House will unveil reforms to the nation's international tax code on Monday intended to close loopholes for overseas tax havens and end tax incentives for creating jobs overseas.
Senior administration officials briefed reporters Sunday evening in a conference call ahead of the announcement that will be made by President Barack Obama and Treasury Secretary Tim Geithner.
The two components of the president's plan include reforms that ensure the tax code does not handicap companies seeking to create jobs at home, as well as reforms that reduce the amount of tax revenue lost to tax havens.
The White House is targeting companies that use loopholes in the law that allow them to legally avoid paying billions in taxes. It also focuses on wealthy individuals who break the law by creating hidden overseas accounts.
The Obama administration plans to raise $103.1 billion dollars by removing tax advantages for investing overseas and will use that money to help make a tax credit permanent, the officials said. The administration also hopes to raise $95.2 billion dollars over the next 10 years by cracking down on overseas tax havens.
The White House, under the plan, would eliminate the "check-the-box" provision which allows corporations to designate overseas subsidiaries as branches of the company, not subjected to taxes. This tax loophole enables companies to avoid paying U.S. taxes.