President Barack Obama shakes hands with fans at the Georgetown-Duke college basketball game at the Verizon Center in Washington, D.C., Jan. 30, 2010.

President Barack Obama shakes hands with fans at the Georgetown-Duke college basketball game at the Verizon Center in Washington, D.C., Jan. 30, 2010.

President Barack Obama meets with former President George H.W. Bush in the Oval Office, Saturday, Jan. 30, 2010.

President Barack Obama meets with former President George H.W. Bush in the Oval Office, Saturday, Jan. 30, 2010.

Weekly Address: Reining in Budget Deficits

The President pledges to rein the deficit, citing three specific steps to this end. He praises the Senate for restoring the pay-as-you-go law, discusses his proposal for a freeze in discretionary spending, and calls for a bipartisan Fiscal Commission to hammer out further concrete deficit reduction proposals. January 30, 2010.

President Obama Takes Questions at GOP House Issues Conference

The President takes questions from Republican members of the House of Representatives at the GOP House Issues Conference in Baltimore, MD. January 29, 2010.

Promoting New Small Business Hiring through Tax Credits

President Obama announces the Small Business Jobs and Wages Tax Cut that will provide a $5,000 tax credit to over a million small businesses for every new net employee they hire. January 29, 2010.

Creating New Jobs by Investing in High-Speed Rail

President Obama, joined by Vice President Biden, announces $8 billion in Recovery Act funding for high-speed rail projects that will provide faster, more energy-efficient travel between cities and create new jobs for American workers. The announcement came during a Town Hall meeting in Tampa, FL. January 28, 2010.

President Barack Obama bows his head during the invocation at the nationally televised Republican House Issues Conference in Baltimore, Md., Jan. 29, 2010. Standing with the President on-stage, from left, are Rep. John Boehner, R-Ohio, Rep. Eric Cantor, R-Va., and Rep. Mike Pence, R-Ind.

President Barack Obama bows his head during the invocation at the nationally televised Republican House Issues Conference  in Baltimore, Md., Jan. 29, 2010. Standing with the President on-stage, from left, are Rep. John Boehner, R-Ohio, Rep. Eric Cantor, R-Va., and Rep. Mike Pence, R-Ind.

Transportation Secretary Ray LaHood, a Republican member of the Cabinet, feigns being a blocking back for President Barack Obama as he arrives backstage to meet with GOP House leaders before speaking to their issues conference at the Renaissance Baltimore Harbor Place Hotel in Baltimore, Md., Jan. 29, 2010.

Transportation Secretary Ray LaHood, a Republican member of the Cabinet, feigns being a blocking back for President Barack Obama as he arrives backstage to meet with GOP House leaders before speaking to their issues conference at the Renaissance Baltimore Harbor Place Hotel in Baltimore, Md., Jan. 29, 2010.

President Barack Obama meets with members of his Cabinet in the Cabinet Room of the White House, Jan. 29, 2010. The President’s chair is marked with a plaque engraved with the date of his inauguration.

President Barack Obama meets with members of his Cabinet in the Cabinet Room of the White House, Jan. 29, 2010. The President’s chair is marked with a plaque engraved with the date of his inauguration.

Jan. 29, 2010 "A view of the President’s chair in the Cabinet Room. The plaques on the chairs of the President and the Vice President are noted with the date of the inauguration; the plaques on the chairs of each Cabinet member are noted with the date of their confirmation by the Senate."

Jan. 29, 2010
"A view of the President's chair in the Cabinet Room. The plaques on the chairs of the President and the Vice President are noted with the date of the inauguration; the plaques on the chairs of each Cabinet member are noted with the date of their confirmation by the Senate."