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Summers Stresses Stimulus Benefits
Obama's Director of the National Economic Council gives a piece-by-piece explanation of why the president's plan will work Friday. Tells Brookings Insitution: "Without robust and sustained economic expansion, we will not achieve any other national goal." Read full remarks here.
It's Still the Economy
Obama will deliver brief remarks from the Oval Office Friday afternoon with his economic advisers by his side. Statement will come after he meets privately with Economic Recovery Advisory Board Chair Volcker. Plus: TIME's Cendrowicz on Europe's message regarding the stimulus: Enough Already!
FLOTUS: Military Families Have a Friend in the White House
Michelle Obama tells ABC News during her trip to Ft. Bragg that she's willing to fight for those families needing help. Says "it hurts" to hear about military families on food stamps. "It's not right, and it's not where we should be as a nation." Watch video above. Read transcript here. [...]
TRADE DEFICIT PLUNGES
Commerce Department reports Friday that the the trade imbalance dropped to $36 billion in January. It's a decline of 9.7% from December and the lowest level since October 2002.
Aiding Amtrak
VP Biden heads to Union Station midday Friday to announce funding for the train service as a part of the stimulus.
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Swampland
Another Look at the Health Care System
I spent some time with Sen. Ron Wyden and Rep. Jim Cooper this morning discussing their health care plan and the state of the health care reform drive on Capitol Hill (which I will have more to say about on TIME.com).In the course of our conversation, Senator Wyden showed me this web ad, which I [...]
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