Washington (CNN) - The last time President Barack Obama held a full-blown news conference at the White House, his first campaign rally was two months away and former Pennsylvania Sen. Rick Santorum looked to have the upper hand over Mitt Romney in the GOP presidential primaries.
To be sure, in some ways the political landscape has changed dramatically since Obama fielded questions from the White House press corps on March 6: He is now assured of four more years in the Oval Office and can claim fresh leverage in his dealings with Republicans over reaching a budget deal.
But in many ways, the political environment closely mirrors what it looked like eight months ago: Republicans remain in control of the House of Representatives, the GOP leadership maintains it is opposed to any measure that will raise tax rates on the nation's top earners and the president's approval rating remains stubbornly stuck around a less-than impressive 50%.
It's a busy day at the White House with the main event at 1:30 PM when President Obama holds his first full-length press conference with White House reporters since March. Reporters will grill the president in the East Room of the White House and the entire event is expected to last about an hour.
Following the press conference, Obama will sit down with prominent business leaders to discuss his upcoming budget negotiations with Congress. The meeting follows a similar sit down with labor leaders and prominent women's groups Tuesday. It's all ahead of the president's meeting with congressional leaders of both parties Friday at the White House.
Full White House schedule after the jump: