POTUS on Eurozone compromise
President Barack Obama meets with Prime Minister Petr Necas of the Czech Republic in the Oval Office October 27, 2011.
October 27th, 2011
06:04 PM ET

POTUS on Eurozone compromise

During a bilateral meeting in the Oval Office with the Prime Minister of the Czech Republic Petr Necas, President Obama reacted to today's announcement that the leaders of the European Union countries have come to a compromise over how to deal with Greece's debt crisis. Here's what the president said:

Let me say first at the top, the Prime Minister just came from Brussels, where he was part of the negotiations around the eurozone crisis.  I’m glad to see that progress was made in the recent meetings.  I think it is an important first step.  We’ve seen that, although it’s very complicated, obviously the countries of the eurozone and all of Europe are committed to the European project and are intent on making sure that it continues.

So we’ve seen that the message that they are going to deal with this in a serious way has calmed markets all around the world.  It will help lay the predicate for long-term economic growth not only in Europe but around the world.  The key now is to make sure that it is implemented fully and decisively, and I have great confidence in the European leadership to make that happen.

As reporters were being ushered out, the president was asked whether he thought the deal would help stave off a double-dip recession. He responded by acknowledging that "there has been progress," but what's needed now is "strong execution:"

I was very pleased to see that the leaders of Europe recognize that it is both in Europe’s interest and the world’s interest that the situation is stabilized.  And I think they’ve made significant progress over the last week.  And the key now is just to make sure that it drives forward in an effective way.

But it will definitely have an impact on us here in the United States.  If Europe is weak, if Europe is not growing, as our largest trading partner, that’s going to have an impact on our businesses and our ability to create jobs here in the United States.

Briefing Bites: the 9-9-9-9 plan
October 27th, 2011
03:30 PM ET

Briefing Bites: the 9-9-9-9 plan

Jay Carney briefed reporters Thursday – his first of the week given the president's trip out west. The hot topics included Congress' low approval rating, the latest violence surrounding the "Occupy" protesters, and Europe's latest plan for Greece. Here's the key sound:

On a new CBS poll indicating Congress has a 9 percent approval rating:

I think another poll that shows how out of sync Republicans in Congress are with the mainstream is the recent one that showed a historic low 9% approval rating for Congress. I mean, I know 9 is a popular number in the Republican party, but this can't possibly be the kind of 9 that they want. 9-9-9... 9

On news the GDP grew by 2.5 percent over the summer:

2.5 per cent growth may be better than it was the previous quarter, but it is not good enough. Absolutely not good enough. You know we all speak enough frequently with economists to know that 2.5 per cent growth is not – while it is positive, is not enough to significantly affect employment. We need to take action to ensure that the economy grows faster, and to ensure that more people get on the job and go back to work.

FULL POST


Topics: Briefing Bites
Obama applauds EU over Greece plan
Czech Prime Minister Petr Necas shakes hands with German Chancellor Angela Merkel, as EU leaders reach an agreement to solve Europe's debt crisis.
October 27th, 2011
12:44 PM ET

Obama applauds EU over Greece plan

President Obama just issued the following statement on the deal the EU has made with Greece.

We welcome the important decisions made last night by the European Union which lay a critical foundation for a comprehensive solution to the Eurozone crisis. We look forward to the full development and rapid implementation of their plan. We will continue to support the EU and our European allies in their efforts to address this crisis as we work together to sustain the global recovery and put our people back to work.


Topics: The News
Picture of the week: Brining it to the 'burbs
October 27th, 2011
12:23 PM ET

Picture of the week: Brining it to the 'burbs

President Obama brought his jobs message to a Las Vegas suburb on Monday.   It was there he also announced a housing initiative to help homeowners with federally guaranteed mortgages refinance their homes.

Morning Briefing
October 27th, 2011
09:44 AM ET

Morning Briefing

The 1600 Report's daily roundup of what the White House is reading this morning online and in the papers:

*GOP rejects Dems' super comittee offer     (CNN)

*Europe has a deal   (CNNMoney)

*Occupy clashes test mayors  (WSJ)

*Black voters' support for Obama is strong and steady  (NYT)

*Obama's new ally: Rick Perry  (Politico)

POTUS schedule October 27, 2011
October 27th, 2011
07:56 AM ET

POTUS schedule October 27, 2011

9:30AM           In-Town Pool Call Time  

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

 10:30AM        THE PRESIDENT meets with Treasury Secretary Geithner – Oval Office (Closed Press)

 11:00AM        THE PRESIDENT meets with senior advisors – Oval Office (Closed Press)

 3:10PM          THE PRESIDENT holds a bilateral meeting with Prime Minister Petr Necas of the Czech Republic- Oval Office (Pool Spray at the Top)

5:05PM          THE PRESIDENT greets city and municipal leaders from across the country – East Room (Closed Press)

 6:45PM          THE PRESIDENT has dinner with winners of a campaign contest (In-Town Travel Pool Spray)


Topics: Daily Schedule