• Welcome to the third episode of the West Wing Week, your guide to all things 1600 Pennsylvania Ave.  This installment takes you step-by-step with the President as he returns from the Czech Republic, hosts the largest international summit ever held in Washington DC, and lays out a new vision for manned space exploration at the Kennedy Space Center.  We even caught up with the First Lady as she made her first official solo international trip.

    Download Video: mp4 (162MB)

    Thanks so much for keeping up with your West Wing Week and as always, here are the full links to all the events mentioned:

    Friday, April 9th

    Sunday, April 11th

    Monday, April 12th

    Tuesday, April 13th

    Wednesday, April 14th

    Thursday, April 15th

    Previous Installments

    Arun Chaudhary is the official White House videographer  

  • Cross-posted from the Department of Education Blog.

    Today, as hardworking Americans across the country file their taxes or await their return, middle class families and students paying for college loans will find a larger refund coming their way. The American Opportunity Tax Credit alleviates up to $2,500 of federal income tax owed for individuals paying for college loans and making up to $90,000 a year or for couples making up to $180,000.

    This is just one of the many ways this Administration is giving back to students. When President Obama signed into law historic healthcare legislation, he not only improved the availability and quality of health care services for thousands of uninsured and under-insured Americans, he made a tremendous investment in our nation’s students. The Health Care and Education Reconciliation Act of 2010 ended wasteful subsidies to banks and freed up nearly $68 billion dollars for college affordability and deficit reduction. Over the next 10 years, the Act will make important investments in higher education, help make college more affordable for hardworking Americans and give back to the American tax payer by:

    • Expanding the Pell Grant program by $36 billion.
    • Investing $2 billion in community colleges.
    • Increasing support for minority servicing institutions by $2.55 billion.
    • Investing $750 million to bolster college access for students over the next 5 years.
    •  Reducing monthly payments under the Income-Based Repayment Program—capping monthly student loan payments to 10 percent of the borrower’s discretionary income. For graduates entering public service (such as teachers), remaining loans will be forgiven after 10 years.

    Without this legislation, as many as eight million students could have seen their current aid cut by 50 percent. That would’ve been absolutely devastating, especially at a time of economic rebuilding when education can mean better jobs and a better future for families and the nation. By making college more accessible and affordable, we can educate our way to a better economy.

    I encourage you to take full advantage of these opportunities for higher education and career training. For more information on these programs, go to http://studentaid.ed.gov and http://www.irs.gov/newsroom/article/0,,id=211309,00.html.

    Arne Duncan is the Secretary of Education.

  • This afternoon, President Obama visited the Kennedy Space Center in Florida to discuss the Administration’s goal to seek new frontiers for human space flight. The President declared that he is “100 percent committed to the mission of NASA and its future,” and laid out steps and investments that the Administration is making towards space exploration.

    He announced a $6 billion increase in NASA’s budget over the next five years, focusing on making cuts elsewhere as the government instituted a freeze on discretionary spending. The President said that this investment will increase exploration of the solar system and also Earth-based observations that will increase our understanding of the world and its climate in order to protect the environment for future generations.

    The President explained that the Administration will extend the life of the International Space Station by more than five years in order to conduct research that will help improve our daily lives while working with the private sector to make reaching space more affordable. He also announced a $3 billion investment into developing an advanced “heavy lift rocket,” aiming to finalize the design for the rocket by 2015. The President said that "nobody is more committed to manned space flight, to human exploration of space than I am," but explained that "we've got to do it in a smart way." He said that the Administration is “setting a course with specific and achievable milestones.”

    Early in the next decade, a set of crewed flights will test and prove the systems required for exploration beyond low Earth orbit.  And by 2025, we expect new spacecraft designed for long journeys to allow us to begin the first-ever crewed missions beyond the Moon into deep space.  So we’ll start -- we’ll start by sending astronauts to an asteroid for the first time in history.  By the mid-2030s, I believe we can send humans to orbit Mars and return them safely to Earth.  And a landing on Mars will follow.  And I expect to be around to see it.
     
     But I want to repeat -- I want to repeat this:  Critical to deep space exploration will be the development of breakthrough propulsion systems and other advanced technologies.  So I’m challenging NASA to break through these barriers.  And we’ll give you the resources to break through these barriers.  And I know you will, with ingenuity and intensity, because that’s what you’ve always done. 

    President Barack Obama at the Kennedy Space Center

    President Barack Obama tours SpaceX launch pad at the Kennedy Space Center in Cape Canaveral, Florida, April 15, 2010. (Official White House Photo by Chuck Kennedy)

    The President spoke about his focus on creating jobs, and proposed a $40 million initiative led by the White House and federal agencies to develop a plan for regional and economic growth. He explained that his plan will add more than 2,500 jobs along the Space Coast in the next two years, with the potential of thousands more as companies compete to be a part of the new space transportation industry.

    So this is the next chapter that we can write together here at NASA.  We will partner with industry.  We will invest in cutting-edge research and technology.  We will set far-reaching milestones and provide the resources to reach those milestones.  And step by step, we will push the boundaries not only of where we can go but what we can do. 

    Fifty years after the creation of NASA, our goal is no longer just a destination to reach.  Our goal is the capacity for people to work and learn and operate and live safely beyond the Earth for extended periods of time, ultimately in ways that are more sustainable and even indefinite.  And in fulfilling this task, we will not only extend humanity’s reach in space -- we will strengthen America’s leadership here on Earth.

     

     

     

  • It’s Tax Day and Karl Rove is at it again.  His latest misleading piece is an online column in the Wall Street Journal suggesting that taxes have increased under President Obama.

    His case is undermined by one key point: It’s false. 

    The reality is that federal taxes have been reduced by $173 billion this year.  As a result, the average tax refund paid thus far has been about $3,000 per family, an increase of nearly 10 percent over last year.

    NEC Director Larry Summers fleshes all of this out in a piece at the Huffington Post

    Dan Pfeiffer is White House Communications Director

  • Over the past year and throughout my career, I've visited communities hit by natural disasters across the country and spoken with a number of Americans dealing with the aftermath of terrorist attacks.

    What always strikes me about the days and months that follow these tragedies is the resilience that emerges in the communities that are affected. The recovery in New York after 9/11, in New Orleans after Katrina, and in Greensburg, Kansas after the devastating tornado in 2007 all demonstrate the extraordinary ability of citizens to come together after disasters to rebuild stronger than before.

    This resilience displayed by individual American citizens persists long after the cameras are gone, and it's every bit as important to our security as the government's immediate response.

    Tonight, I'll be speaking at the Kennedy School of Government about the Department of Homeland Security's approach to confronting the new and evolving threats we face – from terrorism and violent extremism to cyber attacks and natural disasters.

    The public deserves a candid assessment of the threats America faces. And that includes talking about the shared responsibility for securing our nation.

    The federal government cannot prepare for, respond to, and recover from major crises on its own. Our ability to effectively prevent, disrupt and respond to terrorist attacks, violent extremism, and other major disasters relies upon Americans working together – preparing emergency plans, notifying law enforcement when we see something suspicious, and helping our fellow citizens rebuild when disasters do strike.

    As President Obama has said, and the experiences of New York, New Orleans, and Greensburg have shown, in confronting threats, the American people are the source of our greatest strength.

    I hope you'll watch the address at the Kennedy School Forum tonight, and learn more about how we can all take steps to be more informed, ready, and resilient.  Watch live at 6:00 p.m. EDT at The Forum LIVE at Harvard.edu.

    Janet Napolitano is Secretary of Homeland Security

  • Today the First Lady completed her first solo international official visit, which marked the kick-off of her international platform of youth engagement. Over the past three days, the First Lady has reaffirmed America’s close relationship with Mexico and the enduring bonds between the American and Mexican people.

    The First Lady’s time in Mexico was spent primarily focused on engaging with Mexico’s children and youth. On a visit to Los Pinos, Mrs. Obama and the First Lady of Mexico Margarita Zavala discussed a series of issues important to young people in both the United States and Mexico – issues including drug addiction and treatment, early intervention programs and the importance of the humane treatment of migrant children. At a Mexico City primary and secondary school, The First Lady joined students in the schoolyard for singing, dancing and other activities.

    First Lady Michelle Obama in Mexico

    Members of the audience listen as First Lady Michelle Obama delivers a speech at Universidad Iberoamericana in Mexico City, Mexico April 14, 2010. (Official White House Photo by Lawrence Jackson)

     

  • This afternoon, President Obama will head to Cape Caneveral, Florida to deliver remarks about the Administration’s bold new course for NASA and the future of U.S. leadership in human spaceflight at the Kennedy Space Center. Space leaders and academic experts will be among those in attendance of the conference, and will participate in four breakout sessions. The sessions will focus on increasing access to and utilization of the International Space Station, new technologies, expanding our reach into the solar system, and harnessing space to expand economic opportunity.

    The President's speech will be streamed here at WhiteHouse.gov/live. All four sessions and the opening and closing sessions will also be streamed on NASA’s website.

    As one might expect, NASA generally has some of the best new media around. Check out some of their interactive features, and the Image of the Day on Nasa.gov.

    During the STS-131 mission's first spacewalk, astronauts Rick Mastracchio and Clayton Anderson (out of frame) moved a new 1,700-pound ammonia tank from space shuttle Discovery's cargo bay to a temporary parking place on the station, retrieved an experiment from the Japanese Kibo Laboratory exposed facility and replaced a Rate Gyro Assembly on one of the truss segments.(Image Credit: NASA)

    [View Full Size]

  • Read the Transcript  |  Download Video: mp4 (173MB) | mp3 (6MB)

    Emerging from a meeting with Secretary of Hilda Labor Solis and Mine Safety and Health Administrator Joe Main in the Oval Office, the President pledged to hold all those responsible for the recent mine tragedy in West Virginia accountable -- from the individual mine, to the broader pattern of dangerous mines, to the government who is responsible for keeping workers safe:

    THE PRESIDENT:  Good morning, everybody.  On April 5th, the United States suffered the worst mine disaster in more than a generation.  Twenty-nine lives were lost.  Families have been devastated.  Communities have been upended.  And during this painful time, all of us are mourning with the people of Montcoal and Whitesville and Naoma and the Coal River Valley.  The people of West Virginia are in our prayers.

    But we owe them more than prayers.  We owe them action.  We owe them accountability.  We owe them an assurance that when they go to work every day, when they enter that dark mine, they are not alone.  They ought to know that behind them there is a company that’s doing what it takes to protect them, and a government that is looking out for their safety.

    In the immediate aftermath of the tragedy, I asked the officials standing with me -- Labor Secretary Hilda Solis, and Joe Main and Kevin Stricklin with the Mine Safety and Health Administration -- to lead an investigation into what caused the explosion at Massey Energy Company’s Upper Big Branch mine.  I asked them to report back with preliminary findings this week.

    We just concluded a meeting, where they briefed me on their investigation.  I want to emphasize that this investigation is ongoing, and there’s still a lot that we don’t know.  But we do know that this tragedy was triggered by a failure at the Upper Big Branch mine -- a failure first and foremost of management, but also a failure of oversight and a failure of laws so riddled with loopholes that they allow unsafe conditions to continue.

    So today I’ve directed Secretary Solis, Assistant Secretary Main, and Administrator Stricklin to work closely with state mining officials to press ahead with this investigation -- so we can help make sure a disaster like this never happens again.  Owners responsible for conditions in the Upper Big Branch mine should be held accountable for decisions they made and preventive measures they failed to take.  And I’ve asked Secretary Solis to work with the Justice Department to ensure that every tool in the federal government is available in this investigation.

    But this isn’t just about a single mine.  It’s about all of our mines.  The safety record at the Massey Upper Big Branch mine was troubling.  And it’s clear that while there are many responsible companies, far too many mines aren’t doing enough to protect their workers’ safety.

    The President went on to describe three concrete courses of action his Administration is taking:

    1. "[G]o back and take another look at mines across this country with troubling safety records, and get inspectors into those mines immediately to ensure they aren’t facing the same unsafe working conditions that led to this disaster."
    2. "[W]ork with Congress to strengthen enforcement of existing laws and close loopholes that permit companies to shirk their responsibilities."
    3. "[W]e can’t just hold mining companies accountable -- we need to hold Washington accountable.  And that’s why I want to review how our Mine Safety and Health Administration operates."

     

    The President and Labor Secretary Solis Meet on Mine Safety

    President Barack Obama looks at a document spread across his desk during a meeting on mine safety with, from left, U.S. Mine Safety and Health Administrator Kevin Stricklin, Assistant Secretary of Labor for Mine Safety and Health Joe Main, Deputy Mine Safety and Health Administrator Greg Wagner, and Labor Secretary Hilda L. Solis in the Oval Office April 15, 2010. (Official White House Photo by Pete Souza)

     

  • Today, the President released his 2009 federal income and gift tax returns. He and the First Lady filed their income tax return jointly and reported an adjusted gross income of $ 5,505,409. The vast majority of the family’s 2009 income is the proceeds from the sale of the President’s books. The Obamas paid $1,792,414 in federal income tax. The President and First Lady also reported donating $329,100 to 40 different charities. The largest reported gifts to charity were $50,000 contributions to CARE and the United Negro College Fund. In addition, the President donated his $1.4 million Nobel Prize funds to 10 charities. The President and First Lady also released their Illinois income tax return and reported paying $163,303 in state income taxes.

    The Internal Revenue Code provides that if the recipient of the Nobel Prize directs the Nobel Committee to donate the prize income directly to charity, as the President did, the recipient does not have to recognize the prize as income on his federal income tax return. The President is not permitted to take a charitable deduction on the value of the prize since it is not included in his income.

    The Vice President and Dr. Jill Biden also released their 2009 federal income tax returns, as well as state income tax returns for both Delaware and Virginia. They filed joint federal and Delaware income tax returns. Dr. Biden filed a separate non-resident tax return for the state of Virginia. Together, they reported an adjusted gross income of $333,182. The Bidens paid $71,147 in federal income taxes for 2009. They paid $12,420 in Delaware income taxes and $1,477 in Virginia income taxes. The Bidens contributed $4,820 to charity, in both monetary and in-kind donations. 

    Norm Eisen is Special Counsel to the President for Ethics and Government Reform

  • On April 23, The Chronicle of Higher Education will feature an article by Dr. Jill Biden about the significance of the Health Care and Education Reconciliation Act of 2010 investments in community colleges.

    As a community college instructor and former teacher, Dr. Biden has “seen firsthand the power of community colleges to change lives.” She discusses the commitment of the Administration to shine a spotlight on community colleges, which she refers to as “the best-kept secrets of higher education.” 

    This administration's commitment to community colleges is a long-term one. The president has asked me to convene a national summit on community colleges in the fall. We will bring college presidents, instructors, and advocates together with business leaders and other stakeholders to share best practices and successful models for helping students gain the knowledge, training, certificates, and degrees needed to succeed. This will be a working summit, a setting where we can shine a spotlight on community colleges, highlight their utility to families and communities across the nation, nurture more collaboration, and generate additional policy ideas and goals for student success. As a community-college instructor, I am thrilled to be leading this summit and truly pleased to have the support of the administration.

    Over the past 16 years, I have seen firsthand the power of community colleges to change lives. And that is, in large part, why I never really considered the possibility of not teaching at a community college after we moved to Washington last year.

    The package of fixes to health reform also included major student loan legislation that allotted $2 billion towards improving educational training programs at community colleges, while also increasing funding for Pell Grants.  Dr. Biden explains that community colleges are affordable options for middle class students:

    Every day, I see my students work hard to overcome obstacles just to be in the classroom. Many of them work full time, have aging parents in need of care and attention, or are parents themselves. Often they contend with difficult economic realities. They are eager to learn, and many of them are the first members of their families to attend college. They persevere because they understand that getting an education will change their lives for the better. It will improve their job prospects and enrich their understanding of the world around them.

    Community colleges can also serve as a gateway from a high-school diploma to a baccalaureate degree. They offer an affordable option for middle-class high-school students who want to attend a four-year college but cannot afford the tuition. The numbers tell the story: The average cost of tuition at a private four-year university is over $26,000 for the current academic year. At public four-year universities, the average is $7,000. Community-college tuition averages $2,500, presenting a far more affordable way to complete the first two years of a college education, especially when the credits earned on a community-college campus can often be transferred directly into four-year programs. It is not a coincidence that community colleges educate over 40 percent of all postsecondary students nationally.

    Dr. Biden highlights the Administration's ongoing dedication to ensuring success for all students:

    We know that education is the key to unlocking human potential. And we know that today, on community-college campuses across this country, millions of students are eager to build a more secure future for themselves, their families, and our country. We cannot—and we will not—let them down. As a member of the education community, I ask for your continued partnership in the months and years ahead as we continue to build support for community colleges and work to improve their offerings and outcomes. This is the moment for community colleges. Our work has just begun.

  • Today is Tax Day, and while a lot of Americans have already finished their returns and submitted them, many folks will take time out today to fill theirs out and make the trip to the Post Office or hit send before midnight. Two days ago we posted a look at the tax relief for the middle class that President Obama has signed into law through two of his top domestic priorities: health reform and the Recovery Act.  Providing significant relief to help working families has been a central focus of the President’s agenda since the day he took office – and today, many more Americans will take advantage of those benefits as they complete their returns. Here’s another look at the benefits that millions of Americans can claim as a result of President Obama’s agenda:

    Health Reform: The health reform legislation signed into law by President Obama includes the largest health care tax cut in history for middle class families, helping to make insurance much more affordable for millions of families. Here’s a more extensive list of how the benefits available to middle class families for quality and affordable health insurance:

    • The largest health care tax cut in history for middle class families.
    • Americans buying the same coverage they have today in the individual market will see premiums fall by 14 to 20 percent compared to what they would pay without health insurance reform and by as much as 3% for those who get coverage through their employers.
    • The Small Business Health Care Tax Credit can cover up to 35 percent of the premiums a small business pays to cover its workers. In 2014, the rate will increase to 50 percent
    • Reduces out-of-pocket expenses so insurance doesn’t still leave families holding the bag
    • Bans lifetime limits on coverage

    The Recovery Act: As the President noted in his last Weekly Address, you can get a good handle on how the Recovery Act might help you out on your taxes through our Tax Savings Tool. Here’s a glance at the benefits to working families and small businesses:

    • Over $160 Billion - Tax relief provided through the Recovery Act so far to families and businesses. 
    • Nearly $3,000 - The record average tax refund taxpayers are seeing this tax season, something the IRS says is largely due to the Recovery Act.
    • Nearly 10% - The percentage average tax refunds are up this year - something the IRS says is largely due to Recovery Act tax credits.
    • 95% - The percentage of working families benefiting from the Recovery Act's Making Work Pay tax credit, making it the broadest tax credit in the history of the country. 
    • $800 - The amount most married couples are collecting through their paychecks this year thanks to the Recovery Act's Making Work Pay tax credit. Individuals collected $400 this year thanks to Making Work Pay.
    • Up to $2,500 - The expanded amount eligible taxpayers can collect with the American Opportunity Credit to help cover college expanses thanks to the Recovery Act.
    • Up to $8,000 - The amount new homebuyers can collect this year for purchasing their first home thanks to the Recovery Act's expansion of the First-Time Homebuyers Tax Credit. 
    • Up to $1,500 - The amount homeowners can collect this year on improvements made to their homes like energy-efficient windows, doors and insulation thanks to Recovery Act tax credits.
    • 65% - The amount by which the Recovery Act cut the cost of COBRA health insurance premiums for unemployed workers last year through an up-front tax credit.

    Dan Pfeiffer is White House Communications Director

  • First Lady Michelle Obama spent time in Mexico City on her first solo international official visit. See photos from the trip that established Mrs. Obama's international platform to support the President's global engagement efforts with an emphasis on engaging with young people around the world.

    play

    View the full size gallery here.

  • Yesterday, I was honored to join the First Lady on an incredibly moving trip to Haiti.

    Like many of you – I have watched news reports and have read numerous accounts of the crisis in Haiti since the earthquake in January. Witnessing the impact of the devastation on the people of Haiti as well as the relief efforts of Haitians, Americans, and dozens of other countries and organizations was powerful for both me and Michelle.

    There is clearly much work to be done in Haiti, but after seeing the situation first-hand, I left with a sense of tremendous hope. The will of the Haitian people and the strong commitment of partners from around the world will help Haiti build back better.

    As a teacher, I was particularly gratified to visit an organization called Children's Place, which is supported by Mrs. Preval. The First Lady and I met teachers and students who are using empty school buses as classrooms in an innovative effort to ensure that their education continues, even amidst terrible destruction. We also visited College St. Pierre, a secondary school where many students were killed when the building was destroyed three months ago. There we saw Haitians and dozens of volunteers working to rebuild a school that will once again educate Haiti's future leaders.

    It was an incredible honor to meet the many individuals who have been at the core of the relief and recovery work, and to relay President Obama’s message that Haiti will have a steady and reliable partner in the United States of America throughout these efforts.

    I hope this visit helps to remind everyone that we can all still play a role in helping Haiti restore its future – please visit the Haiti Earthquake Relief page on WhiteHouse.gov for ways that you can help from wherever you are.

    Thanks for reading, and for taking action.

    play

  • Do you have questions about what the new health insurance reform law means for you? Please join me tomorrow for a live Q&A with Nancy-Ann DeParle, Director of the White House Office of Health Reform. This is the third in our ongoing series of webchats where HHS officials and experts answer your questions about the Affordable Care Act

    Join us at 4 p.m. EDT, Thursday, April 15 at http://www.hhs.gov/live.

    You can send your questions to Healthreform@hhs.gov. We will also take questions live via Twitter during the webchat. You can find us on Twitter at @HHSGov.

    We will be talking about how the new law will increase your health security and what it means for you and your family now and in the future. 

    • Are you uninsured and have you been denied coverage because of a preexisting condition? Starting this year, you’ll have access to affordable health insurance options.
    • Do you have a child under age 26 who is uninsured?  Learn how you can get access to affordable coverage for your young adult children.  
    • Are you in the Medicare Part D doughnut hole?  You may be eligible for a $250 rebate check this year.

    I hope you can take part in this discussion, and I look forward to hearing from you.

    Kathleen Sebelius is Secretary of the Department of Health and Human Services

  • As part of the unprecedented accountability and transparency provisions included in the American Recovery and Reinvestment Act of 2009 (ARRA), the Council of Economic Advisers (CEA) was charged with providing to Congress quarterly reports on the effects of the Recovery Act on overall economic activity, and on employment in particular. Today we released our third report (pdf), with an assessment of the effects of the Act through the first quarter of 2010.

    The main macroeconomic findings include:

    • The magnitude of the fiscal stimulus increased substantially in the first quarter of 2010 (from $83 billion in 2009:Q4 to $112 billion in 2010:Q1) largely because of a surge in tax refunds and lower final tax liabilities due to the Making Work Pay tax credit.
    • Government investment outlays in areas such as infrastructure and clean energy, which increased $16 billion in 2010:Q1, are expected to rise further throughout 2010.
    • The CEA estimates that as of the first quarter of 2010, the ARRA has raised employment relative to what it otherwise would have been by between 2.2 and 2.8 million. These estimates are broadly similar to those of other analysts. Our estimates incorporate the most recent information about actual Recovery Act spending and tax reductions, as well as current trends in employment and production.

    A special section of the report focuses specifically on the impact of the tax relief and income support provisions of the Recovery Act:

    • To date, there has been more than $200 billion of tax relief and income support provided to households by the ARRA. These funds have had a disproportionately large impact on the incomes of middle- and lower-income families. 
    • CEA estimates that without these provisions, household real disposable income would have fallen substantially in 2009. Figure 6 from the report (reproduced below) shows actual after-tax family income alongside income without the tax relief and income support provisions of the Recovery Act. Without the tax cuts and income support provisions of the ARRA, consumer spending would not have rebounded as it did and, indeed, would likely have continued to fall.
    • As of 2010:Q1, the tax relief and income support provisions of the Recovery Act have saved or created between 1.1 and 1.4 million jobs, or roughly one-half of the total number of jobs saved or created by the Act.

    Identifying the impact of policy actions is inherently difficult, and the estimates must be understood to be subject to large margins of error. For this reason the CEA has approached its task from a wide range of perspectives, all of which point to a key role for the ARRA in helping the economy recover from the worst recession since the Great Depression. The CEA will continue to monitor the effects of this important policy initiative over the coming months and years.

    CEA 041410 Figure 6

    The data in this chart is available to download as a csv file.

    Christina Romer is the Chair of the Council of Economic Advisers

  • President Barack Obama Discusses Wall Street Reform

    President Barack Obama meets with Congressional leaders in the Cabinet Room of the White House to discuss Wall Street reform. From left, Rep. Steny Hoyer, D-Md, Rep. John Boehner, R-Ohio, House Speaker Nancy Pelosi, D-Calif., the President, Senate Majority Leader Harry Reid, D-Nev., and Sen. Mitch McConnell, R-Ky. April 14, 2010. (Official White House Photo by Chuck Kennedy)

    This morning the President welcomed leaders from Congress of both parties to the White House to discuss the economy, the Supreme Court, and the New START Treaty -- but he promised beforehand that the central focus would be Wall Street Reform:

    I'm also going to be interested in talking to them about our ability to move quickly on a financial regulatory reform package.  I think all of us recognize that we cannot have a circumstance in which a meltdown in the financial sector once again puts the entire economy in peril, and that if there’s one lesson that we’ve learned it’s that an unfettered market where people are taking huge risks and expecting taxpayers to bail them out when things go sour is simply not acceptable.

    As a consequence, I am actually confident that we can work out an effective bipartisan package that assures that we never have “too big to fail” again; that consumers are adequately protected when it comes to financial instruments -- whether it’s mortgages or credit cards or debit cards; that we have a strong mechanism to regulate derivatives, something that we have not had, a derivatives market that is in the shadow economy but is enormously powerful, enormously risky -- we want to get that into daylight so that regulators and ordinary Americans know what’s going on when it comes to this huge segment of the financial system.

    And I am confident that if we work together diligently over the next several weeks that we can come up with a package that serves the American people well and does not put Americans ever again in a position where they’re having to choose between a terrible economic situation or rewarding people for failed policies and bad risk-taking.  And so that's going to be a top priority of this meeting.

    UPDATE: Press Secretary Robert Gibbs gave the following readout on the meeting:

    The President reiterated his belief that we are open to ideas and eager to work with anyone who is willing to work with us regardless of party.  He also made clear that bipartisanship should not be equated with an openness to lobbyists loopholes and special interest carve outs and that he would be unwilling to negotiate on some key issues.  And that he could not accept bad policy in pursuit of bipartisanship.

    He specifically pushed attendees on derivatives and the recent effort by the financial industry to pressure the Senate to weaken oversight over the same financial products that led to the near collapse of AIG warning that the problems of the future will rest on the steps we take to address derivatives now.  He reminded attendees that we proposed a bill almost a year ago and almost two years have passed since the financial industry nearly hit rock bottom, and that Wall Street accountability is long overdue.

    In addition, he reaffirmed his belief that we must end taxpayer bailouts, end “Too Big To Fail” and that he would not accept a bill that did not pass that test.  Finally he talked about the need for consumer protections and his insistence that the final bill include real independence reminding attendees that a bill that was good for powerful insiders, but not for everyday people is not what the American people deserve.

    As he has with other opponents of reform, the President also encouraged attendees to stop the campaign of misinformation being run by financial industry lobbyists and representatives of trade groups.  He asked both parties to work together and reminded them that the American people have been through enough—that they deserve  quick action on real reform.

    The President also reiterated the importance of moving forward on additional assistance for small businesses.  Finally, he provided copies of the CEA quarterly report on the American Recovery and Reinvestment Act and encouraged those in the room who opposed the Recovery Act to review the findings that it is responsible for approximately 2.5 million jobs through the end of March of this year, putting the Recovery Act on track to save or create 3.5 million jobs by the end of this year.

  • On her first official solo international visit, the First Lady is traveling to Mexico with a special focus on engaging with the country's young people. First Lady Michelle Obama will speak to university and high school students from in and around Mexico at Universidad Iberoamericana, a Mexico City University. This event will be streamed live in English and Spanish in this blog post.

    Youth Forum with First Lady Michelle Obama
    Mexico City, Mexico
    3:00 PM EDT

    En español

    Having trouble viewing the live stream in our blog post? Follow these links to watch it on ustream:

    http://www.ustream.tv/channel/flsen - In English
    http://www.ustream.tv/channel/flssp - En Español
     

     

  • Download Video: mp4 (63MB) | mp3 (3MB)

    The First Lady's visit to Mexico this week marks her first solo international official visit. Mrs. Obama is visiting Mexico to reaffirm America's strong relationship with Mexico and the historic and close ties between its people. In addition to spending time with President Calderon and Mrs. Zavala at Los Pinos, the First Lady will visit a primary and secondary school, deliver remarks at a Mexico City university and meet with a group of young Mexican leaders. Mrs. Obama's international platform will support the President's global engagement efforts with an emphasis on engaging young people around the world.

    Trooper Sanders is Deputy Director of Policy to the First Lady

  • Today First Lady Michelle Obama and Dr. Jill Biden toured Port-au-Prince to reinforce the United State’s commitment to help Haiti recover and rebuild and to send a message of thanks to all of the men and women that have contributed to the global relief effort.

    View a slideshow from the trip, thanks to the White House Photo Office.

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  • Capping a week of historic progress on the issues of nuclear security, non-proliferation, and the threat of nuclear terrorism, the President closed out the two-day Nuclear Security Summit with a lengthy press conference to discuss the progress that had been made.   Shortly afterwards the White House released a series of hey documents related to the summit: 

     

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    The President's opening remarks at the press conference:

    THE PRESIDENT:  Good afternoon, everybody.  We have just concluded an enormously productive day. 

    I said this morning that today would be an opportunity for our nations, both individually and collectively, to make concrete commitments and take tangible steps to secure nuclear materials so they never fall into the hands of terrorists who would surely use them. 

    This evening, I can report that we have seized this opportunity, and because of the steps we’ve taken -- as individual nations and as an international community -- the American people will be safer and the world will be more secure.

    I want to thank all who participated in this historic summit -- 49 leaders from every region of the world.  Today’s progress was possible because these leaders came not simply to talk, but to take action; not simply to make vague pledges of future action, but to commit to meaningful steps that they are prepared to implement right now. 

    I also want to thank my colleagues for the candor and cooperative spirit that they brought to the discussions.  This was not a day of long speeches or lectures on what other nations must do.  We listened to each other, with mutual respect.  We recognized that while different countries face different challenges, we have a mutual interest in securing these dangerous materials.

    So today is a testament to what is possible when nations come together in a spirit of partnership to embrace our shared responsibility and confront a shared challenge.  This is how we will solve problems and advance the security of our people in the 21st century.  And this is reflected in the communiqué that we have unanimously agreed to today.

    First, we agreed on the urgency and seriousness of the threat.  Coming into this summit, there were a range of views on this danger.  But at our dinner last night, and throughout the day, we developed a shared understanding of the risk. 

    Today, we are declaring that nuclear terrorism is one of the most challenging threats to international security.  We also agreed that the most effective way to prevent terrorists and criminals from acquiring nuclear materials is through strong nuclear security -- protecting nuclear materials and preventing nuclear smuggling.

    Second, I am very pleased that all the nations represented here have endorsed the goal that I outlined in Prague one year ago -- to secure all vulnerable nuclear materials around the world in four years’ time.  This is an ambitious goal, and we are under no illusions that it will be easy.  But the urgency of the threat, and the catastrophic consequences of even a single act of nuclear terrorism, demand an effort that is at once bold and pragmatic.  And this is a goal that can be achieved.

    Third, we reaffirmed that it is the fundamental responsibility of nations, consistent with their international obligations, to maintain effective security of the nuclear materials and facilities under our control.  This includes strengthening national laws and policies, and fully implementing the commitments we have agreed to.

    And fourth, we recognized that even as we fulfill our national responsibilities, this threat cannot be addressed by countries working in isolation.  So we’ve committed ourselves to a sustained, effective program of international cooperation on national [sic] security, and we call on other nations to join us.

    It became clear in our discussions that we do not need lots of new institutions and layers of bureaucracy.  We need to strengthen the institutions and partnerships that we already have -— and make them even more effective.  This includes the United Nations, the International Atomic Energy Agency, the multilateral partnership that strengthens nuclear security, prevent nuclear trafficking and assist nations in building their capacity to secure their nuclear materials.   

    But as I said, today was about taking tangible steps to protect our people.  So we’ve also agreed to a detailed work plan to guide our efforts going forward -- the specific actions we will take.  I want to commend my partners for the very important commitments that they made in conjunction with this summit.  Let me give some examples.

    Canada agreed to give up a significant quantity of highly enriched uranium.  Chile has given up its entire stockpile.  Ukraine and Mexico announced that they will do the same.  Other nations -- such as Argentina and Pakistan -- announced new steps to strengthen port security and prevent nuclear smuggling. 

    More nations -- including Argentina, the Philippines, Thailand and Vietnam -- agreed to join, and thus strengthen, the treaties and international partnerships that are at the core of our global efforts.  A number of countries -— including Italy, Japan, India and China -— will create new centers to promote nuclear security technologies and training.  Nations pledged new resources to help the IAEA meet its responsibilities.

    In a major and welcomed development, Russia announced that it will close its last weapons-grade plutonium production reactor.  After many years of effort, I’m pleased that the United States and Russia agreed today to eliminate 68 tons of plutonium for our weapons programs -— plutonium that would have been enough for about 17,000 nuclear weapons.  Instead, we will use this material to help generate electricity for our people.

    These are exactly the kind of commitments called for in the work plan that we adopted today, so we’ve made real progress in building a safer world.

    I would also note that the United States has made its own commitments.  We are strengthening security at our own nuclear facilities, and will invite the IAEA to review the security at our neutron research center.  This reflects our commitment to sharing the best practices that are needed in our global efforts. We’re seeking significant funding increases for programs to prevent nuclear proliferation and trafficking. 

    And today, the United States is joining with our Canadian partners and calling on nations to commit $10 billion to extending our highly successful Global Partnership to strengthen nuclear security around the world.

    So this has been a day of great progress.  But as I said this morning, this can’t be a fleeting moment.  Securing nuclear materials must be a serious and sustained global effort.  We agreed to have our experts meet on a regular basis —- to measure progress, to ensure that we’re meeting our commitments and to plan our next steps. 

    And I again want to thank President Lee and the Republic of Korea for agreeing to host the next Nuclear Security Summit in two years.

    Finally, let me say while this summit is focused on securing nuclear materials, this is part of a larger effort -— the comprehensive agenda that I outlined in Prague last year to pursue the peace and security of a world without nuclear weapons. Indeed, in recent days we’ve made progress on every element of this agenda.

    To reduce nuclear arsenals, President Medvedev and I signed the historic new START treaty —- not only committing our two nations to significant reductions in deployed nuclear weapons, but also setting the stage for further cuts and cooperation between our countries.

    To move beyond outdated Cold War thinking and to focus on the nuclear dangers of the 21st century, our new Nuclear Posture Review reduces the role and number of nuclear weapons in our national security strategy.  And for the first time, preventing nuclear proliferation and nuclear terrorism is at the top of America’s nuclear agenda, which reaffirms the central importance of the Nuclear Non-Proliferation Treaty.

    And next month in New York, we will join with nations from around the world to strengthen the NPT as the cornerstone of our global efforts to prevent the spread of nuclear weapons even as we pursue greater civil nuclear cooperation.  Because for nations that uphold their responsibilities, peaceful nuclear energy can unlock new advances in medicine, in agriculture, and economic development. 

    All of these efforts are connected.  Leadership and progress in one area reinforces progress in another.  When the United States improves our own nuclear security and transparency, it encourages others to do the same, as we’ve seen today.  When the United States fulfills our responsibilities as a nuclear power committed to the NPT, we strengthen our global efforts to ensure that other nations fulfill their responsibilities. 

    So again, I want to thank my colleagues for making this unprecedented gathering a day of unprecedented progress in confronting one of the greatest threats to our global security.  Our work today not only advances the security of the United States, it advances the security of all mankind, and preventing nuclear proliferation and nuclear terrorism will remain one of my highest priorities as President.