 President Obama recieves a jersey from the UConn mens basketball team at the White House
May 16th, 2011
07:32 PM ET
Obama hosts championship team at the White HouseWASHINGTON (CNN) -They are the reigning champions of men’s college basketball, and their winning ways got the UConn Huskies to the White House Monday for a celebration with President Obama. But amid the fanfare of the East Room ceremony, Obama couldn’t help but remind the champions of how their victory spoiled his prospects along with those of many other disappointed Americans. “Let’s face it, this was a tough year for a lot of brackets because teams like this one shocked the world,” Obama said. “So next time you guys decide to reel off 11 straight wins, please let me know ahead of time.” Obama had picked the Kansas Jayhawks to take it all. All kidding aside, Obama marveled at how a young team who finished the regular season tied for ninth place in their league, ended up pulling through and winning a national title. 
May 16th, 2011
06:16 PM ET
Obamas money: Heavy on treasuriesBy CNNMoney Senior Writer Jennifer Liberto WASHINGTON (CNN) -A big portion of President Obama's wealth is invested in federal debt, according to a financial disclosure form released Monday. The president and First Lady Michelle Obama had assets valued between $2.8 million and $11.8 million in 2010. And between $2 million and $10 million of their assets are invested in super-safe U.S. Treasury securities, according to the disclosure form. That's up from $1.5 million to $6 million reported invested in Treasury notes and bills in 2009. The report uses broad financial ranges, making a more precise accounting impossible. The president and First Lady reported no debts. 
May 16th, 2011
03:39 PM ET
President visits Memphis high school graduation From CNN's Sally Holland MEMPHIS (CNN) – A hundred and fifty-five Warriors from Booker T. Washington received a high school diploma and a handshake from President Obama in Memphis today. “Just a couple of years ago, this was a school where only about half the students made it to graduation. For a long time, just a handful headed to college each year,” the President pointed out in his address to the students. The schools graduation rate is one reason the President came to Memphis on this cool spring day. Booker T. Washington High School is credited with a jump in graduation rate from 55% to 82 % in just four years through the use of gender based classrooms and increasing teacher effectiveness by moving teachers that seem to get more than a years growth out of their students to the core classes of English and mathematics. “Because you created this culture of caring and learning, today we are standing in a very different Booker T. Washington High School. Today, this is a place where more than four out of five students are earning a diploma – a place where 70 percent of the graduates will continue their education.” The President has set a goal of having the largest percentage of college graduates in the world by the year 2020. Booker T. Washington is an inner city school, is a low-income neighborhood with high incidents of teenage pregnancy and violence. FULL POST
May 16th, 2011
02:48 PM ET
Obama meets with flood victims in MemphisWASHINGTON (CNN) - President Obama took some time on a trip to Memphis on Monday to meet privately with first responders, volunteers, and families who have been affected by the recent flooding of the Mississippi River. Obama met with two separate families, along with members of the Memphis police and fire departments, as well as volunteers from local churches and the United Way. He was joined by the governor of Tennessee, the mayor of Memphis, and members of the Tennessee Congressional delegation. Seated around a square table, Obama asked questions and listened to each participant speak saying he “wanted to hear first hand from you” about the impact of the floods. Throughout the 35 minute session, Obama heard stories from families who had to evacuate their homes and move in with other family members, was briefed on how first responders monitored the rising waters and warned those in the path of the flooding, and learned about ongoing relief efforts led by faith-based volunteer organizations.  President Obama speaks to a crowd at a DNC event at the Moody Theater in Austin, Texas last week.
May 16th, 2011
11:11 AM ET
President ends day with fundraisersFrom CNN's Paul Steinhauser and Mark Preston WASHINGTON (CNN) - After a travel-filled day, President Barack Obama ends his day with some pure politics. The president will headline two fundraisers in the nation's capitol Monday night. The first is a dinner at the St. Regis hotel in downtown Washington, with the second a reception at the Capitol Hilton, which is located across the street from the St. Regis. A Democratic source with knowledge of the events says approximately 650 people will attend the two events, and adds that Rep. Debbie Wasserman Schultz, the new chair of the Democratic National Committee, will introduce the president at the reception. Also helping to introduce Obama is Ernie Green, a member of the "Little Rock Nine," a group of African-Americans who in 1957 were the first black students ever to attend classes at Little Rock Central High School in Little Rock, Arkansas. For the full story, click here. 
May 16th, 2011
07:47 AM ET
POTUS schedule for Monday May 16, 2011WASHINGTON (CNN) - President Obama heads to Memphis to deliver his commencement speech to the graduating class of Booker T. Washington High School, the winning school in this year's Race to the Top Challenge. Before the graduation, he'll meet behind closed doors with victims and families of the recent flooding, along with local officials and first-transponders. This afternoon once he returns to Washington, he'll welcome the University of Connecticut's mens basketball team to the East Room to celebrate their victory in the 2011 NCAA national championship. He didn't pick them to win the championship but he's sure to enjoy an event centered around basketball this afternoon. Then this evening, he'll speak at two DNC fundraisers in town. For the complete schedule from the White House, click below. FULL POST |
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