News Conference by the President, July 22, 2009

White House Budget Director to Deliver Remarks on the Economy

On Wednesday, July 22, at 1:00 p.m. EST, White House Office of Management and Budget Director Peter R. Orszag will deliver remarks to the Council on Foreign Relations' C. Peter McColough Series on International Economics in New York. Director Orszag will discuss where the country is on its road to recovery and its efforts to make critical investments, restore fiscal discipline, and establish a foundation of growth in the economy.

Excerpts from Remarks by Lawrence H. Summers to the Peterson Institute

Let me begin in January. Though only a half a year ago, the distance we have traveled these past six months is remarkable… The economy was in free-fall at the start of the year with no apparent limit on how much worse things could get… Fear was widespread and confidence was scarce.

Remarks by the President to the NAACP Centennial Convention 07/16/2009

NEC Director Lawrence H. Summers to Deliver Remarks on the Economy

On Friday, July 17, 2009 at 11:00 am, Lawrence H. Summers, Director of the National Economic Council and Assistant to the President for Economic Policy, will deliver remarks at the Peterson Institute for International Economics. Dr. Summers will provide a progress report on economic policy and Obama Administration efforts to rescue and rebuild the U.S. economy.

Excerpts of the President's remarks in Warren, Michigan and fact sheet on the American Graduation Initiative

The hard truth is that some of the jobs that have been lost in the auto industry and elsewhere won’t be coming back. They are casualties of a changing economy. And that only underscores the importance of generating new businesses and industries to replace the ones we’ve lost, and of preparing our workers to fill the jobs they create.

Readouts of the President's meetings with labor leaders and leaders from the Jewish community today

The President met with more than a dozen labor leaders for approximately 45 minutes. The President was joined by Secretary Solis. It was a productive conversation about shared priorities like creating jobs, health care reform and the Employee Free Choice Act.

President Obama Signs Tennessee Disaster Declaration

The President today declared a major disaster exists in the State of Tennessee and ordered Federal aid to supplement State and local recovery efforts in the area struck by severe storms, tornadoes, straight-line winds, and flooding during the period of June 12-14, 2009.

Republican Recovery Act Claims Disputed

Last week, CNN ran a piece challenging John Boehner's comments that no federally funded economic recovery projects have started in his state of Ohio. The segment also included a Republican sheriff from Boehner's own district who two months ago received nearly $1 million in economic recovery funds and is using the money to keep correctional officers on staff. According to Sheriff Richard Jones, "The stimulus is working for me here in Butler County because I am keeping my deputies and I am not having to lay them off."

Council of Economic Advisers Releases Report on Jobs of the Future

President Obama's Council of Economic Advisers released a report today, "Preparing the Workers of Today for the Jobs of Tomorrow," that offers an overview of how the U.S. labor market is expected to grow and develop over the next few years. The report discusses the skills and training that will likely be most relevant in growing occupations, and the attributes of an education and training system designed to best equip the workers of today for the jobs of tomorrow.