The Presidential Planner

Jan 14, 2010 7:00am

From Sunlen Miller: President Obama will speak this morning on the administration’s plan to recoup expected losses from TARP in a form of a fee on the country’s biggest financial firms – what the administration is calling the “financial crisis responsibility fee.” A senior administration official said on a conference call with reporters last night that President Obama feels strongly that he “must honor both his personal commitment and the legal commitment of the TARP to ensure that all of the costs are borne by the financial industry and not by the American taxpayer.” “The president has made clear from the very beginning that taxpayers would not bear a penny of the costs of the TARP program,” this official said, stressing that TARP was designed to help out the economy as a whole and not bailout specific institutions or their executives and said the fee is a “minimum” of what is owed back for the significant costs that taxpayers put out. In the afternoon the President will make opening remarks at the day-long forum in the Eisenhower Executives Office on modernizing government and how government can better use technology to deliver more effective and efficient services to American taxpayers. “The forum will bring private sector and federal government leaders together to discuss new ways to use technology to streamline government operations, improve customer service, and maximize returns on information technology investments,” the White House says. After President Obama speaks senior administration officials will host discussion in breakout sessions on the technology gap between the public and private sectors. The breakout groups will focus on streamlining government operations, transforming customer service, and managing technology return on investment. In the evening, President Obama will deliver remarks at the annual House Democratic Caucus retreat at the Capitol Visitors Center. The White House announced that Mr. Obama is schedule to also speak at the House Republican Caucus retreat next week in Baltimore as well. The president has closed-door meetings during the day with Secretary of Veterans Affairs Shinseki and with Secretary of the Treasury Geithner. -Sunlen Miller

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