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President Barack Obama is juggling a glass-half-full take on the economy with a determination to not be seen as naive about problems still washing over the business landscape.
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CNBC.com |
The president was slated to give an economic speech Tuesday at Georgetown University as his administration nears its symbolic 100-day mark.
- CNBC.com will carry the speech live at 11:30 am Eastern time.
Aides billed the address as major but acknowledged that it was expected to contain no significant policy announcements.
Rather, they said, the speech would outline the state of the economy when Obama took office in January, steps his administration has taken in its first three months, and what still needs to be done to right troubled sectors, including the housing, banking and financial industries.
"The president wants the opportunity to update the American people on where we are, what we have to do going forward, and lay out the steps that are being taken to help our economy recover," said presidential spokesman Robert Gibbs.
Keep track of what Obama has been doing since taking office:
Day 84: Allison to Head TARP, Obama Eases Travel Limit to Cuba (Apr. 13)
- Obama will tap Fannie Mae Chief Executive Herb Allison to head the government's $700 billion Troubled Asset Relief Program, an administration official told CNBC. Allison, 65 years old, is the former chairman of investment company TIAA-CREF and was an executive at Merrill Lynch.(Full Story)
- Obama will ease limits on family travel and cash gifts from the U.S. to Cuba and allow U.S. telecommunications firms to bid for licenses on the communist-ruled island, a U.S. official said. (Full Story)
- King Abdullah II will meet Obama on 21 April in DC. The meeting will focus on efforts to reach a two-state solution to the Israeli-Palestinian conflict and achieve a comprehensive peace in the region. Talks will also address Jordan-US ties.
- The first family has settled on a first pet—a 6-month-old Portuguese water dog that the Obama girls are naming Bo. The dog is a gift from Sen. Edward M. Kennedy, D-Mass., who owns several Portuguese water dogs himself.
Day 83: Obamas Celebrate Easter (Apr. 12)
- Obama and his family took communion as they celebrated Easter at St. John's Church in their first public worship service since the inauguration. As congregants went to the altar for communion, several stopped at the president's pew and wished Obama, his wife, Michelle, and their two daughters a happy Easter.(Full Story)
- Goldman Sachs has forbidden employees from gathering in private holiday parties of 12 or more.
- A conservative author aims to remind readers why capitalism works for the common good.
- Do you have what it takes to run your own business? Ask yourself these questions.
- Heavily armed pirates in Somalia have set up a sort of stock exhange to fund their hijackings.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- A famed author has written all his work on an old typewriter that is now up for auction. The NYT reports.










