"If you want to be a leader, then you got to lead"
Last night, President Obama held a press conference to provide an update on the ongoing budget negotiations to get our fiscal house in order. Unfortunately, Speaker Boehner walked away from these negotiations as they worked towards a big deficit and debt reduction package.
Today, the President will meet with members of both parties, including Leader Reid, Leader McConnell, Speaker Boehner and Leader Pelosi, to continue to hammer out a deal to ensure that Congress acts to reduce our deficit and prevent America from defaulting on its obligations.
Watch the video and read the highlights.
President Barack Obama makes a statement to the press in the Brady Briefing Room at the White House, July 22, 2011. (Official White House Photo by Chuck Kennedy).
Weekly Address: A Bipartisan Approach to Strengthening the Economy
President Obama discusses the urgency of Democrats and Republicans coming together to take a balanced approach to cutting the deficit to strengthen our economy and secure our future.
Watch the video.
Weekly Wrap Up
Your quick look at happened this week on WhiteHouse.gov
Deficit Talks: President Obama believes the current debt crisis offers a chance "to do something big and meaningful" and in an editorial he wrote for USA Today, he urges leaders "to seize the opportunity." The President stressed the urgency of the looming deadline in a press conference where he repeated his commitment to solving the issue through shared sacrifice. At a University of Maryland town hall, he told the crowd he was willing to make tough choices.
Protecting Consumers: The Consumer Financial Protection Bureau officially launched on July 21, one year after the Wall Street Reform Act was signed into law. President Obama nominated five-time Jeopardy champion Richard Cordray to lead the new agency. Learn what this means for you.
Food Deserts: Millions of Americans don’t have access to affordable healthy food. First Lady Michelle Obama announced new commitments from businesses designed to change that. Companies including Walgreens and Walmart have committed to opening or expanding over 1,500 stores to better serve the 23.5 million Americans living in low-income areas.
Space Shuttle: Although the final flight of Atlantis marks the end of one era, it ushers in a new frontier of space exploration. Watch as the President makes a call to the crew.
Focus on Jobs: Treasury announced the single largest round of awards in the history of the Community Development Financial Institution Fund, looking to spark economic growth across the US. Almost $150 million will go directly to financial institutions in rural and urban communities for the purpose of increasing lending for low-income Americans.
Campaign to Cut Waste: As part of the President’s initiative to decrease wasteful spending, 178 data centers around the country will be shut down in the coming year, eliminating millions in misspent tax dollars. Learn more about this shut down.
Don't miss behind the scenes footage on West Wing Week: The President welcomed a civil rights icon, placed a call to space, made an important personnel announcement - all the while staying focused on finding a balanced solution to deficit reduction.
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