President at CMU

President Barack Obama will deliver his latest assessment on the nation's economic recovery when he speaks in Pittsburgh this afternoon. The White House says the president will speak to the invitation-only crowd at Carnegie Mellon University about the five pillars for a new economic foundation: new rules for Wall Street; investments in education, renewable energy and health care; and reductions in federal spending.
In his prepared remarks the president is expected to say the country cannot go back to an economy that was too dependent on bubbles and debt and financial speculation..."We must build a new stronger foundation for growth and prosperity and that's exactly what we've been doing for the last 16 months."