First draft: Back home, back to the economy
First order of business is a roundtable discussion at the White House about low interest rates. The meeting will include members of Obama’s economic team and in an effort to draw attention to the benefits of low interest rates, Obama will also meet some homeowners who have refinanced now that rates are at historical lows.
During his meeting with his top economic advisers, Obama is expected to discuss the progress of “stress tests” of the 19 largest U.S. banks to see how they would withstand even tougher economic times.
Lurking in the background of a day of economic discussions is the fate of American crew of the hijacked cargo ship off the coast of Somalia. A U.S. warship is in the vicinity and the crew have control of the Maersk Alabama but the hijackers are holding the American captain hostage in a lifeboat.
Photo credits: REUTERS/Rick Wilking (Sign for foreclosed house in Denver); REUTERS/file photo provided by family (Maersk Alabama Captain Richard Phillips in undated photo at his Vermont home)