Keep track of what Obama has been doing since taking office:
Day 35: Obama's Economic Summit (Feb 23)
- Calling for fiscal restraint even while federal spending soars, President Obama pledged to dramatically slash the annual budget deficit and announced $15 billion in Medicaid money to states from his $787 billion economic stimulus package.
- Obama summoned allies, adversaries and outside experts to a White House summit to address the nation's future financial health one week after signing into law the gargantuan stimulus measure designed to stop the country's economic free fall and, ultimately, reverse the recession now months into its second year. By Obama's own account, the new law will add to this fiscal year's deficit, which the administration projects will be $1.5 trillion.
Day 34: Obama to Set Big Goals in First Budget (Feb. 22)
- Obama's budget this week will set out big goals: to rescue the economy from freefall, expand U.S. health care coverage and move within a few years to slash huge deficits. The budget, due out on Thursday, will indicate Obama's timeline for achieving many of the domestic priorities he pushed during the campaign. (Full Story)
Day 33: Obama Begins Tax Cuts (Feb. 21)
- Obama ordered the Treasury to implement tax cuts for 95 percent of Americans, fulfilling a campaign pledge he hopes will help jolt the economy out of recession. Obama will allow tax breaks given to wealthier Americans under his predecessor, George W. Bush, to expire in 2010 as scheduled rather than eliminate them sooner, an administration official said Saturday. (Full Story)