Obama to Speak on Tax Cuts, Economy

President Barack Obama is traveling to North Carolina to speak at a community college, where he'll call for a deal on extending tax cuts and jobless benefits.

President Barack Obama
President Barack Obama

The president's trip to Winston-Salem Monday comes as the White House and lawmakers are working on a compromise to extend temporarily Bush-era tax cutsfor all income brackets and expiring jobless benefits.

A White House official says Obama will renew his opposition Monday to any upper-income tax-cut extension unless unemployment benefits also are extended. The official spoke on condition of anonymity ahead of Obama's remarks.

Obama also will call for investments in education and innovation to boost America's competitiveness with other countries.