Posts Tagged ‘deficit

15
Apr
14

Rise and Shine

On This Day: President Obama greets participants after a Land Titling event at the Plaza de San Pedro, Cartagena, Colombia, April 15, 2012. President Juan Manuel Santos of Colombia is seen at right (Photo by Pete Souza)

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Today (All Times Eastern):

11:30: President Obama meets with faith leaders to discuss ways to promote an immigration bill now pending in the U.S. House.

2:49: Observes a moment of silence to mark the one-year anniversary of the Boston Marathon bombing

6:30: The President and First Lady host a Passover Seder at the White House

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The Week Ahead:

Wednesday: President Obama and Vice President Biden will travel to Leetsdale, Pennsylvania for an event on the economy.

Thursday: The President will welcome the Wounded Warrior Project’s Soldier Ride to the White House in celebration of the eighth annual Soldier Ride.

Friday: The President will meet with the National Commander and Executive Director of the American Legion. Later, he will welcome the United States Naval Academy Football Team to the White House to present them with the 2013 Commander-in-Chief’s Trophy.

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ThinkProgress: Very Bad News For Obamacare Opponents In The Government’s Latest Report

Premiums for health care insurance in the Affordable Care Act are lower than the federal government had anticipated, the Congressional Budget Office reported on Monday when it revised its cost estimate for the health care law. The nonpartisan office now believes that the ACA will cost the government $5 billion less than projected in 2014 and $104 billion less for the 2015-2024 period. It also found “no clear evidence” that premiums will surge in 2015, noting that “enrollees in the future will be healthier, on average, than the smaller number of people who are obtaining such coverage in 2014.” The agency estimated that the national average premium for individual silver policy plans would increase by $100 that year.

The CBO attributes the additional savings to government, relative to the CBO’s last assessment from February 2014, to lower-than expected premiums, which in turn lowered the cost for exchange subsidies, and higher-than expected revenues from the excise tax on high-premium insurance plans.

More here

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Steve Benen: CBO: Affordable Care Act getting even more affordable

…. what have we learned of late?

* ACA enrollment through exchanges reached 7.1 million, ahead of early estimates.

* The ACA is quickly reducing the uninsured rate.

* Thanks in part to the ACA, health care spending has slowed dramatically and health care inflation is at its lowest point in 50 years.

* According to the Department of Commerce, the ACA is also having a positive effect on personal incomes.

* And according to the CBO, the system is even more affordable than perviously projected.

… this is a system that’s working. The right can either acknowledge reality or embrace delusions and conspiracies, but the facts are quite evident for those who care to look.

Full post here

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NYT: In New York, Hard Choices on Health Exchange Spell Success

In contrast with the early stumbles in most of the country, New York State, almost from the start, has provided a textbook lesson in how to make the Affordable Care Act work. But it has done so by making some tough decisions.

New York has signed up more than 900,000 people for commercial or government plans, lured 16 insurance companies onto its exchange, provided subsidies for most customers and reduced premiums across the board.

“I have to say that on the whole this is a very savvy bunch of people they have operating the exchange,” Mark P. Scherzer, a lawyer and consumer advocate, said. “It really is a story of something that government could actually do right.”

More here

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Simon Maloy (Salon): Chris Cillizza, call your office: Buffoonish Obamacare critic gets it all wrong, again

…. The newest offering from the CBO is bad news for Obamacare’s conservative critics. Much of their criticism can be divided into three basic arguments — Obamacare is ineffective, it costs taxpayers too much, and it will send insurance premiums skyrocketing – and the CBO report took the wind out of all three. It found that Obamacare will cover more people than earlier estimates, will cost less money than earlier estimates, and will not preside over a nationwide premium spike.

…. DOWN GOES THE NARRATIVE! Right…?

Not really….

Take Chris Cillizza of the Washington Post as an example. Click over to the Fix or comb through his Twitter feed, as of early Monday evening, and you won’t find a single word written about the CBO’s latest findings. That’s curious, given that when the CBO issued a report in early February on Obamacare’s projected impact on the labor market, Cillizza was all over it.

More here

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Brian Beutler: The Right’s New Scam: Feigning Anger on Behalf of People They Encouraged to Skip Obamacare

Beginning last summer, and continuing unabated until a few weeks ago, conservatives undertook a variety of efforts (both subtle and explicit) to discourage people, particularly young people, from enrolling in ACA-compliant health plans.

The idea was to deny state-based insurance markets critical mass, and sound risk pools, and send them into actuarial death spirals. In almost every instance, conservatives were appealing to strangers to undertake considerable personal risk in service of dubious ideological principles.

Though these efforts failed to achieve the larger goal, they almost certainly succeeded at convincing some people to skip Obamacare. And when confronted about the recklessness of their strategy, the most unscrupulous conservatives would say, No biggie! Obamacare allows people to enroll after they get sick or injured. So there’s no risk at all.

This was a lie. And if it weren’t such a dangerous lie, I’d be amused to find that conservatives now want you to be outraged about the fact that the Affordable Care Act creates limited open-enrollment periods each year to prohibit precisely that kind of free riding.

More here

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NDN: Total Removals, Returns of Unauthorized Immigrants Plummet Under Obama

Over the past several months, NDN/NPI has published a series of analyses which argue that through greater investment, better strategies and deeper cooperation with Mexico, the Obama Administration has made the immigration system better and the border safer while seeing a dramatic expansion of trade with Mexico.

Today we release a simple analysis which sheds new light on the hotly debated issue of deportations. Using a broader, more accurate measure of the number of unauthorized immigrants removed from the country since the first year of the Bush Presidency, we find that in fact the total number of “removals[i]” and “returns[ii]” has actually plummeted during the Obama Presidency. In 2012, the Obama Administration removed and returned almost a million people less than the height of the Bush Presidency. And every year of the Obama Presidency has seen a sizable decline in the total number of unauthorized migrants removed or returned to their countries.

More here

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ThinkProgress: The Budget Deficit In March Was The Smallest Since 2000

The federal budget deficit for the first half of this year was $413 billion, a decline of $187 billion compared to the same time last year, according to the Treasury Department.

The deficit for the month of March stood at $37 billion, down from $107 billion last year. That figure was the smallest deficit for the month of March since 2000. The deficit is expected to be a about 4.1 percent of gross domestic product this year, a drop from almost 10 percent in 2009. Those falling numbers continue a trend, as the deficit fell faster in 2013 than in any year since the end of World War II, dropping from $1.1 trillion in 2012 to $680 billion.

More here

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Didn’t think Coates would be featuring at TOD any time soon, but here you go:

Ta-Nehisi Coates: Barack Obama’s Challenge to American Morality

If you haven’t yet, it’s work checking out Barack Obama’s address before the National Action Network, last week. I think it’s one of the most significant and morally grounded speeches of his presidency. I think we will eventually regard this current effort to suppress the vote through voter-ID laws, ending early voting, restricting voting hours, etc., in the same way we regard literacy tests and poll taxes.

More here

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BBC: Ukraine crisis: Obama urges Putin to rein in separatists

US President Barack Obama has urged his Russian counterpart Vladimir Putin to use his influence to make separatists in eastern Ukraine stand down.

The phone call between the two leaders came as pro-Russian activists continued to occupy buildings in eastern towns.

…. The White House said the “frank and direct” conversation between the two presidents was made at Russia’s request.

“The president expressed grave concern about Russian government support for the actions of armed, pro-Russian separatists who threaten to undermine and destabilise the government of Ukraine,” a statement said.

“The president emphasised that all irregular forces in the country need to lay down their arms, and he urged President Putin to use his influence with these armed, pro-Russian groups to convince them to depart the buildings they have seized.”

The statement also threatened Moscow with wider sanctions, saying “the costs Russia already has incurred will increase if those actions persist”.

More here

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Charles Pierce: Revisiting Homeland Security’s 2009 Domestic Terrorism Report

I think this is a particularly good day to look back to, say, April of 2009, when the Department of Homeland Security, Janet Napolitano presiding, put out a nine-page report in which the DHS pointed out that veterans were being recruited by rightwing terrorist groups around the country. (This was about when people started noticing that the real crazy had come out of the jar when this particular president had been sworn in.) Oh, the fuss that this raised.

John Boehner said of Napolitano that he wanted an “explanation for why she has abandoned using the term ‘terrorist’ to describe those, such as al Qaeda, who are plotting overseas to kill innocent Americans, while her own Department is using the same term to describe American citizens who disagree with the direction Washington Democrats are taking our nation.”

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MilkFoundation.org: USPS Harvey Milk Forever Stamp White House Ceremony

Following the announcement that the United States Postal Service first-day-of-issue dedication ceremony of the Harvey Milk Forever Stamp will take place at the White House on May 22, Harvey Milk’s nephew and co-founder of the Harvey Milk Foundation Stuart Milk released the following statement:

“A stamp dedication ceremony on May 22 at the White House comes with incredibly special significance for both place and date. President Obama and his administration have provided the nation with steadfast and trend setting leadership in support of the lesbian, gay, bisexual, and transgender community in the US and abroad….

“The Milk family thanks President Obama and other allies and champions of LGBT inclusive diversity as exemplified by Democratic leader Nancy Pelosi, all of the LGBT leaders who have stood on uncle Harvey’s shoulders to run for and serve openly in public office, and each and every LGBT individual who go about their daily life with authenticity, refusing to hide who they are and who they love. Together, all of us, continue to move humanity forward, bending that arc of the moral universe ever closer to justice.”

More here

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Wake-up Call:

AP: Donors return to Crossroads, give $5m in March

After a stretch of anemic fundraising, the Karl Rove-backed American Crossroads super PAC raised more cash in March than it did during the previous 14 months combined, according to summaries of campaign filings released Monday.

The GOP establishment’s favorite super PAC raised almost $5.2 million last month and had more than $6.3 million in the bank as of March 31, according to the report summary. That cash will be used as the outside group tries to help Republicans pick up the six seats they need to win control of the Senate. American Crossroads has been running ads supporting establishment GOP candidates in Alaska and North Carolina and is expected to support former Massachusetts Sen. Scott Brown in his bid to unseat Democrat Jeanne Shaheen in New Hampshire.

More here

Do what you can —> link

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 On This Day

At the Cuban Club during a fund raiser in Ybor City on April 15, 2007 in Tampa, Florida

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President Obama speaks about Tax Day in the Eisenhower Executive Office Building, April 15, 2009

President Obama presents a birthday cake April 15, 2009, to senior advisor Pete Rouse in the Oval Office (Photo by Pete Souza)

President Obama jokes with senior advisors Mona Sutphen and David Axelrod during a birthday party April 15, 2009, for senior advisor Pete Rouse in the Oval Office (Photo by Pete Souza)

Bo is shown the Oval Office April 15, 2009 (Photo by Pete Souza)

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First Lady Michelle Obama hugs a woman working at New Roots Community Farm in San Diego, Calif., April 15, 2010 (Photo by Lawrence Jackson)

President Obama exits Air Force One with Rep. Suzanne M. Kosmas and Sen. Bill Nelson at the Shuttle Landing Facility at the Kennedy Space Center on April 15, 2010

President Obama tours the commercial rocket processing facility of Space Exploration Technologies, known as SpaceX, along with Elon Musk, SpacdeX CEO at Cape Canaveral Air Force Station in Cape Canaveral, Florida on April 15, 2010

President Obama is given an “I’m an Obamanaut” bumper sticker at NASA operations at the Kennedy Space Center in Cape Canaveral, Fla., April 15, 2010 (Photo by Pete Souza)

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President Obama meets with Press Secretary Jay Carney, left, and Senior Advisor David Plouffe, center, before an interview with Ben Feller of the Associated Press, in Chicago, Ill., April 15, 2011 (Photo by Pete Souza)

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President Obama serves himself during a buffet lunch with President Juan Manuel Santos of Colombia and U.S. and Colombian delegations at Casa de Huéspedes in Cartagena, Colombia, April 15, 2012 (Photo by Pete Souza)

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President Obama holds up an Alabama football jersey that was presented to him by Alabama quarterback AJ McCarron during ceremonies honoring the Crimson Tide as the BCS college national championships on the South Lawn of the White House on April 15, 2013

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President Obama speaks during a statement to the press following explosions near the finish line of the Boston Marathon in the briefing room of the White House April 15, 2013

14
Apr
14

This CBO Report Is Another Big Win For Obamacare

Business Insider: This CBO Report Is Another Big Win For Obamacare

More than 12 million people will gain health insurance under the Affordable Care Act this year, according to new projections released by the Congressional Budget Office Monday. And millions more stand to benefit from the law over the next decade.

At the same time, the law’s costs to the federal government are shrinking. According to the new projections, the federal government will spend more than $100 billion less on Obamacare’s coverage provisions through 2024 than previously projected. That includes a downward estimate of about $5 billion this year. Overall, spending on the federal and state insurance exchanges are projected to cost 14% less than originally forecast.

More here

14
Apr
14

Rise and Shine

On This Day: First Lady Michelle Obama greets children during her visit to a school, Escuela Siete de Enero, in Mexico City, Mexico, April 14, 2010 (Photo by Samantha Appleton)

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Today (all times Eastern):

9:30 AM: The President hosts an Easter Prayer Breakfast, East Room

1:0: Jay Carney briefs the press

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The Week Ahead

Tuesday: The President and the First Lady will mark the beginning of Passover with a Seder at the White House with friends and staff.

Wednesday: President Obama and Vice President Biden will travel to Leetsdale, Pennsylvania for an event on the economy.

Thursday: The President will welcome the Wounded Warrior Project’s Soldier Ride to the White House in celebration of the eighth annual Soldier Ride.

Friday: The President will meet with the National Commander and Executive Director of the American Legion. Later, he will welcome the United States Naval Academy Football Team to the White House to present them with the 2013 Commander-in-Chief’s Trophy.

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CNN Money: Thankful for Obamacare

Many enrollees are thankful for Obamacare coverage. CNNMoney looks at some of the success stories.

Name: Kathy Bentzoni, 58

I started feeling sick in January, but I thought driving a school bus, I was picking up whatever the kids had. But when I was checking the school bus early in the morning in the cold, all my fingers would go numb.

I had signed up for health insurance early enough to get coverage for Jan. 1. I had to drop my old, useless insurance back in November because I could no longer afford the premiums. The insurer denied every claim I sent in because they said it was a pre-existing condition. That’s the wonder of Obamacare … they can’t say that anymore.

I have a Highmark Blue Shield silver plan. I pay $55 for the premium with the tax credit. I almost cried when I saw it. I thought ‘Oh my god, I can actually afford this. It’s amazing!”

On March 1, I had to go the ER. They found my hemoglobin level was 5.7, and the normal is 14. I needed a transfusion. It was due to a rare blood disorder.

Where would I be without Obamacare? ER, 3 units of blood, multiple tests in the hospital and a 5-day inpatient stay without insurance? Probably dead.

I have to thank Obamacare for saving my life.

More here

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Brian Beutler: Democrats Need to Start Blaming the GOP for the Death of Charlene Dill

How liberals should talk about the Medicaid expansion

On Wednesday, the Orlando Weekly published the explosive and infuriating story of Charlene Dill, a struggling, 32 year old mother of three who collapsed and died on a stranger’s floor late last month. According to Weekly reporter Billy Manes, Dill suffered from a treatable heart condition. She also fell into what policy experts call the Medicaid coverage gap — a hole the Supreme Court punctured in the health safety net when seven of its justices rendered the Affordable Care Act’s Medicaid expansion entirely voluntary.

Over 20 Republican state governments have ripped that hole wide open by refusing billions of federal dollars, offered on the sole condition that they be used to insure residents who earn less than 138 percent of the federal poverty level. In their states, residents who weren’t previously eligible for Medicaid, but currently earn too little to qualify for subsidies to purchase private insurance, are out of luck. Experts estimate that five million people nationwide have fallen into the gap. Nearly a million of those people reside in Florida alone — collateral damage in the GOP’s war against Obamacare. Dill was one of those people. She was selling a vacuum cleaner to earn the money she needed to buy her heart medication when she collapsed.

More here

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ThinkProgress: Kathleen Sebelius’ Biggest Achievement Is The One No One Is Talking About

Kathleen Sebelius wasn’t President Obama’s first choice to run the Department of Health and Human Services and oversee the passage and implementation of health care reform. But after Sen. Tom Daschle (D-SD) dropped out, Obama tapped the two-term Kansas governor and former state insurance commissioner. Sebelius didn’t have much D.C. experience, but had an impressive track record of working across the aisle as a Democratic governor in a red state.

And while the united GOP opposition to health legislation eventually overwhelmed any goodwill Sebelius had built up within the Republican party and the rocky rollout of Obamacare has come to dominate the discussion of her tenure as secretary, that bipartisan quality proved essential to the implementation of the law. Sebelius leaves the office having enrolled some 10 million people in health care coverage. This was only possible because she convinced numerous Republican lawmakers in bright red states to extend health care coverage to the poorest Americans. No one is talking about it, but it is her biggest and most impressive achievement as secretary.

More here

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BBC: Ukraine crisis: Pro-Russian attack in Ukraine’s Horlivka

Pro-Russian activists have attacked another official building in east Ukraine, ignoring a deadline to leave or face eviction by Ukrainian forces.

A crowd stormed a police station in the town of Horlivka, near Donetsk, taking control of the building.

Ukraine’s interim president hit out at “aggression” from Russia, but signalled support for a national referendum.

Olexander Turchynov said Kiev was “not against” a vote on the future of the country, a key demand from protesters.

Mr Turchynov also said Ukraine was preparing an “anti-terrorist operation” against gunmen occupying government buildings in Sloviansk and a number of other towns and cities.

Correspondents says people in eastern Ukraine are anxiously waiting to see if Mr Turchynov carries through on his threat to use the army against the pro-Russian groups.

More here

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Bloomberg: Obama’s Shrinking Budget Deficits Silence Foreign Fiscal Critics

Six months ago, global finance officials meeting in Washington berated the U.S. for failing to put its fiscal house in order. This time, the critics were silent.

The Congressional Budget Office is projecting the 2014 deficit will be the lowest in six years and down more than 60 percent from the record $1.4 trillion in 2009. With the annual April 15 tax filing deadline looming, the U.S. has received about $80 billion more in income taxes this fiscal year than it had 12 months earlier.

The Treasury’s coffers are swelling as the almost five-year economic expansion gains momentum, generating more corporate and personal income-tax revenue and reducing spending on social services. Stronger growth, in turn, will depend less on government spending to fuel growth than it has in the past.

More here

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Steve Benen: Obama calls out ‘the real voter fraud’

It’s easy to get inured to stories about voting restrictions. The imposition of new hurdles, intended to keep more Americans from participating in their own democracy, has been ongoing for about three years, and the tactics have become so common in so much of the country, maintaining a sense of outrage is simply exhausting.

But common or not, the outrageousness hasn’t changed. The very idea that a major political party in a modern democracy has decided to give itself an electoral advantage by systemically and deliberately blocking voter access should be called what it is: a genuine national scandal.

Given this, it was heartening to see the issue get the spotlight by way of the president’s bully pulpit.

More here

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ThinkProgress: The 3 Most Sobering Graphics From The U.N.’s New Climate Report

The overall message of the Intergovernmental Panel on Climate Change’s newest report is simple: a rapid shift to renewable energy is needed to avert catastrophic global warming. The science behind that message, however, is less simple.

In an attempt to make the message more clear, the IPCC’s report — produced by 1250 international experts and approved by every major government in the world — uses a number of charts to get its point across. Though the charts themselves are very complex, they provide a way to visualize increases in human-caused greenhouse gases, where those gases come from, and what they could do to our climate.

Here are three of the most sobering charts from that report, and what they tell us about the state of our warming world….

More here

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USA Today: Obama: Kansas shooting ‘horrific’

President Obama says his administration will assist in the investigation of the Kansas shooting that left three people dead at a Jewish community center and retirement complex.

“I want to offer my condolences to all the families trying to make sense of this difficult situation, and pledge the full support from the federal government as we heal and cope during this trying time,” Obama said in a statement.

The president, who called the shootings “horrific” and “heartbreaking,” said that he and first last Michelle Obama “offer our thoughts and prayers to the families and friends who lost a loved one and everyone affected by this tragedy.”

A white supremacist and former Ku Klux Klan member has been arrested and charged with the shooting.

More here

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Crooks and Liars: Minnesota Becomes Fifth State To Hike Minimum Wage In 2014

With Congress deadlocked and incapable of addressing mounting economic inequality, cities and states are doing what they can to pick up the slack.

On Friday, the Minnesota House approved raising the state minimum wage to $9.50 per hour. According to the National Employment Law Project (NELP), it’s the fifth state to hike the minimum wage this year, following  Delaware, West Virginia, Connecticut and Maryland, which just approved its hike earlier this week.

Two aspects of the Minnesota bill make it especially helpful for low-wage workers.

More here

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Courier Journal: Grimes: Raising minimum wage would help families

The shared belief that if you have the grit to work hard, there should be no ceiling to your potential, is what binds us together as Kentuckians. We are people who reward ingenuity and industry. We celebrate success, and believe in the virtue of a job well done.

But the hard truth today is that far too many families in the commonwealth are struggling to make ends meet. The promise that every Kentuckian has a chance at working their way into the middle class is fading. The rich are getting richer, while many Kentuckians live below the poverty level.

More here

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Blog Tyrant at Work:

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On This Day

President Obama and the First Lady with daughters Malia and Sasha and their new dog Bo on the South Lawn of the White House, April 14, 2009

First Lady Michelle Obama visits the Department of Homeland Security in Washington D.C, April 14, 2009 (Photo by Samantha Appleton)

President Obama meets with Jon Favreau Director of Speechwriting in the Oval Office to review a speech April 14, 2009 (Photo by Pete Souza)

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First Lady Michelle Obama gives an address to students at Universidad Iberoamericana, April 14, 2010

President Obama hugs country music artist Garth Brooks in a West Wing hallway at the White House, April 14, 2010. The President was presented with the 2007 Grammy Award for best spoken word album for his book “The Audacity of Hope” (Photo by Pete Souza)

President Obama meets with senior advisors in the Oval Office, April 14, 2010 (Photo by Pete Souza)

President Obama meets with bipartisan leaders of the House and Senate, including from left, House Majority Leader Steny Hoyer, D-Md., House Republican Leader John A. Boehner, R-Ohio, Speaker of the House Nancy Pelosi, D-Calif., Senate Majority Leader Harry Reid, D-Nev., and Senate Republican Leader Mitch McConnell, R-Ky., to discuss Wall Street reform, in the Cabinet Room of the White House, April 14, 2010 (Photo by Pete Souza)

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President Obama walks through the Rose Garden of the White House with National Security Advisor Tom Donilon, April 14, 2011 (Photo by Pete Souza)

President Obama gives gifts to Make-a-Wish child Kai Dunbar, third from left, and her family, during their visit to the Oval Office, April 14, 2011. Pictured, from left, are: Kai’s mother, Kimberly Dunbar; father, Kem Dunbar; sister, Kacie Dunbar; and brother, Kem Dunbar II (Photo by Pete Souza)

President Obama puts on a Chicago Bulls hat and waves to the crowd after delivering remarks at a 2012 campaign event at Navy Pier in Chicago on April 14, 2011

President Obama delivers remarks at a 2012 campaign event at Navy Pier in Chicago on April 14, 2011

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President Obama meets with President Cristina Fernández de Kirchner of Argentina during the Summit of the Americas in Cartagena, Colombia, April 14, 2012 (Photo by Pete Souza)

President Obama at the CEO Summit of the Americas, in Cartagena, Colombia, April 14, 2012

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