From Sunlen Miller:
As Washington, D.C. continues to dig out of the second massive snow storm in a week, and the federal government remains closed for the fourth day in a row, President Obama will spend his day in closed-door meetings.
After receiving his regular round of morning briefings, Mr. Obama will sign the “Economic Report of the President” in the Oval Office. The 300-page will be delivered to Congress afterward, as is required 10 days after the release of the federal budget.
The annual report lays out the economic challenges that the country faces, what actions have been taken in the previous year to deal with those challenges, and presents the president’s economic agenda going forward.
On a conference call with reporters yesterday Chair of the Council of Economic Advisors, Christina Romer, said that this report is unique this year because never have the economic challenges been as great as they have been this past year, she said, citing the recession, and the financial crisis.
“The long-run challenges are also extreme,” Romer said citing the rising price of health care, energy issues, and education needs, “it makes this year’s economic report particularly important.”
This year’s theme, Romer said, is “rescue, rebalance, and rebuild the American economy.”
Later, the president and the Vice President will meet separately with Secretary of the Treasury Geithner and Secretary of State Clinton in the Oval Office. The president also has a meeting with the 2009 and 2010 March of Dimes Ambassadors in the Oval Office.