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, 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.