The White House Council of Economic Advisers and the Labor Department concluded that if Congress allows benefits, to expire 3.6 million people will lose access to the benefits by the end of 2014.
The president vowed to focus the last three years of his presidency on addressing the discrepancy and a rapidly growing deficit of opportunity that he said is a bigger threat than the fiscal deficit.
Stung by plunging approval numbers at a low point in his presidency, President Barack Obama is urging donors to buck up while making a thread-the-needle appeal for bipartisanship with Republicans even as he calls for replacing the House GOP majority and holding his Democratic edge in the Senate.
President Barack Obama sounded a nostalgic personal note Sunday night and offered a rare self-assessment while criticizing congressional Republicans as an "impediment" to governing during the start of a West Coast fundraising tour for the Democratic Party.
Beset by hard-to-keep promises and a massive website failure, President Barack Obama traveled to the heart of the "Obamacare" opposition Wednesday, declaring that ideological rigidity was denying health insurance to millions of Americans.
Regrouping after a feud with Congress stalled his agenda, President Barack Obama is laying down a three-item to-do list for Congress that seems meager when compared with the bold, progressive agenda he envisioned at the start of his second term.
Business leaders fear bigger problems ahead, so they're taking sides with a Democratic president whose health care and regulatory agenda they have vigorously opposed.
The White House and a breakout group of eight Republican senators have been unable to find agreement in their attempts at reaching a bipartisan budget deal.