Obama to speak on Libya on Monday
March 25th, 2011
06:55 PM ET

Obama to speak on Libya on Monday

WASHINGTON (CNN) - In today's briefing, White House Press Secretary Jay Carney told reporters that he had "great confidence" that President Obama will speak about Libya in the "very near future". Well, the WH announced late Friday evening that he will do just that on Monday evening at 7:30p in a speech at the National Defense University in Washington, D.C.

"He believes it’s vitally important, it’s part of his role as President and Commander-in-Chief to speak to the American people about an operation like this," Carney said.  FULL POST


Topics: Libya • President Obama • The News
Opa! Obama celebrates Greek Independence Day
March 25th, 2011
06:23 PM ET

Opa! Obama celebrates Greek Independence Day

WASHINGTON (CNN) – President Obama celebrated the 190th anniversary of Greek Independence, saying the bonds of the United States and Greece go back to the beginning of America.

“Our Founding Fathers were students of Greek philosophy and Greek history, drawing on Greek principles to guide our own nation in its earliest days,” Mr. Obama said. “When it was time for Greek revolutionaries to fight for freedom, they looked to the United States for strength and support.  And to this day, the United States and Greece shares a bond rooted in common values and common ideals.” FULL POST


Topics: President Obama • The News
Questions on GE's 0 percent tax rate
US President Barack Obama(R) and GE Chairman and CEO Jeffrey Immelt makt their way to the stage following a thour of the GE Plant January 21, 2011 in Schenectady, New York.
March 25th, 2011
06:11 PM ET

Questions on GE's 0 percent tax rate

By Charles Riley, staff reporter

NEW YORK (CNNMoney) – The Obama administration has been talking about corporate tax reform a lot lately. And so it was on Friday – but not through prepared bullet points.

Reporters peppered White House Press Secretary Jay Carney with questions about a story in the New York Times detailing the efforts of General Electric to avoid paying taxes.

At issue: GE chief executive Jeff Immelt's side job as head of Obama's innovation and jobs council.

Corporations typically face a 35 percent federal income tax, but many end up never paying that amount.

One aim of tax reform is to lower the corporate tax rate while greatly scaling back tax breaks and loopholes that allow many corporations to pay less in tax.

Thanks to its deductions, adjustments and offshore profit centers, GE has paid a rate of exactly zero for two consecutive years.

FULL POST


Topics: Economy • White House
Obama to speak on Libya soon
March 25th, 2011
03:14 PM ET

Obama to speak on Libya soon

WASHINGTON (CNN) – As pressure mounts on President Obama to speak to the American people about the U.S. effort in Libya, White House spokesman Jay Carney told reporters that Mr. Obama intends to do that soon.

“The president, I can tell you with great confidence will speak about this in the relatively near future.”

As he was peppered with questions about exact timing, Carney added "not today."

Critics have called on the president to provide more clarity on the mission and better define an exit strategy.

White House aides have insisted that the president has been clear about the U.S. engagement in Libya as a means to protect innocent civilians from certain massacre and maintain stability in the region.

Nonetheless, addressing the issue will give the president another chance to explain “how he made his decision, what objectives are and why he thinks it’s the right thing for the United States and for the American people,” Carney said.


Topics: Libya • President Obama • The News
POTUS schedule March 25, 2011
March 25th, 2011
10:38 AM ET

POTUS schedule March 25, 2011

9:30AM          THE PRESIDENT receives the Presidential Daily Briefing  Oval Office Closed Press

10:30AM        THE PRESIDENT meets with senior advisors  Oval Office Closed Press

4:35PM           THE PRESIDENT hosts a reception for Greek Independence Day  East Room Pooled Press


Topics: Daily Schedule • The News • White House