President Obama nominates Richard Cordray as Director of the Consumer Financial Protection Bureau to look out for regular people in the financial system.
President Obama emphasizes the importance of compromise and shared sacrifice so that we can overcome our fiscal challenges and get our economy on a stronger footing going forward.
President Obama calls on both parties to come together to find a balanced approach to deficit reduction that lets us live within our means without hurting investments our economy needs to grow and create jobs.
Following a meeting with Congressional leaders on tackling the issue of our debt and our deficit, President Obama gives a statement on the status of the ongoing negotiations.