Sunlen Miller reports:
President Obama and Vice President Biden will sit down this morning with Presidential Economic Recovery Advisory Board Chair Paul Volcker in the Oval Office.
After the meeting, the President will deliver remarks on financial reform in the Diplomatic Reception Room, keeping up with the White House's renewed commitment to the economy, after Tuesday night's election results in Massachusetts.
“A couple of months ago the President began discussing with his economic team the need to include in financial reform more specific and stronger provisions to limit the size and scope of financial institutions to cut down on excessive risk taking,” a senior administration official tells ABC’s Jake Tapper, “the President will announce a series of measures that address size and scope.”
More on the president’s announcement here from ABC’s Jake Tapper.
In the afternoon Mr. Obama will address the delegation from the U.S. Conference of Mayors in the East Room on "strengthening the economy and creating jobs in communities large and small across America," the White House says.
President Obama skipped out on addressing the broader group at the U.S. Conference of Mayors annual meeting and instead sent the First Lady to speak before the group yesterday.
Later, the President and the Vice President will meet privately with Secretary of State Clinton in the Oval Office.
– Sunlen Miller