• Rep. Maxine Waters (D-CA) calls in at 7:30am Pacific to talk about the economy, the mortgage crisis, and the bank stress tests.
• President Obama called the April jobs numbers showing the nation lost another 539,000 jobs last month “encouraging” yet still a “sobering” economic toll. “It underscores the point that we’re still in the midst of a recession that was years in the making and will be months or even years in the unmaking.”
• President Obama this weekend called on Congress to pass a credit card reform bill so he can sign it into law by Memorial Day. The president highlighted abuses in the credit card industry – including Americans getting ripped off by sudden rate hikes, unfair penalties, hidden fees, and fine print that all too often hides the truth.
• President Obama will deliver a key speech in Egypt on June 4th, the White House said Friday. Press Secretary Robert Gibbs said the speech will give the president the opportunity to “extend the hand to those that in many ways are like us but simply have a different religion.
• President Obama spared nobody, including himself, at his humorous speech in front of the White House Correspondents’ Dinner on Saturday night. He touched on his own gaffes, and harpooned GOPers like Rush Limbaugh and Dick Cheney.
