The President has been receiving updates on the urgent situation in Haiti late into last night and throughout the day, and top members of his team have been convening to formulate the government response.
You can also help immediately by donating to the Red Cross to assist the relief effort. Contribute online to the Red Cross, or donate $10 to be charged to your cell phone bill by texting "HAITI" to "90999." Find more ways to help through the Center for International Disaster Information.
Families of Americans living in Haiti are encouraged to contact the State Department at 888-407-4747.
Update: Watch the President's remarks from Wednesday morning below, or read the transcript.