Obama Administration Officials Travel America, Talk Clean Energy Economy

Punctuated by President Obama’s Wednesday announcement of $2.4 billion in Recovery Act funding for 48 new advanced battery and electric drive projects, top Administration officials fanned out across the nation this week to highlight the enormous opportunities for Americans in the emerging clean energy economy.

Bill signed into law

H.R. 3357, which provides funding to cover expected shortfalls of the Highway Trust Fund and the Unemployment Trust Fund and increases the loan guarantee authority of the Federal Housing Administration and Government National Mortgage Association.

Remarks by the President on the economy in the rose garden

Statement by President Barack Obama on Passage of Cash for Clunkers Extension

I want to thank the United States Senate for acting in a bipartisan way to use Recovery Act funds to extend the ‘Cash for Clunkers’ program. Now, more American consumers will have the chance to purchase newer, more fuel efficient cars and the American economy will continue to get a much-needed boost.

Remarks by the President on the Economy in Wakarusa, Indiana

2.4 Billion in Grants to Accelerate the Manufacturing and Deployment of the Next Generation of US Batteries and Electric Vehicles

Further accelerating the manufacturing and deployment of electric vehicles, batteries, and components here in America, and creating tens of thousands of new jobs, President Obama today announced 48 new advanced battery and electric drive projects that will receive $2.4 billion in funding under the American Recovery and Reinvestment Act. These projects, selected through a highly competitive process by the Department of Energy, will accelerate the development of U.S. manufacturing capacity for batteries and electric drive components as well as the deployment of electric drive vehicles, helping to establish American leadership in creating the next generation of advanced vehicles.

Remarks by the President on the economy

Background On The Presidents Events In North Carolina And Virginia Today

On Wednesday, the President will conduct a town hall discussion about the impact of skyrocketing cost of health care and the need for real reform with Raleigh small business owners, employees and residents. He will be introduced by Sara Coleman, owner of the Cupcake Shoppe Bakery in Raleigh (bio below), and then deliver prepared remarks followed by taking questions from the audience.

Advisory: Vice President Biden, Attorney General Holder to Make Major Recovery Act Announcement in Philadelphia

On Tuesday, July 28, Vice President Biden and Attorney General Holder will travel to Philadelphia, PA, where they will make a major American Recovery and Reinvestment Act (ARRA) funding announcement for law enforcement agencies across the nation.

Op-ed by Vice President Joe Biden in Today's New York Times

SIX months ago, when President Obama and I took office, we were confronted with an economic crisis unparalleled in our lifetime. The nation was hemorrhaging more than 700,000 jobs a month, the housing market was in free fall, and the fate of the financial system hung in the balance.