Scott Horsley

Republican presidential hopefuls have had a field day attacking President Obama for the federal government's trillion-dollar deficits and promising things will be different when the GOP is in charge.

But while the candidates talk a good game about stemming the tide of red ink, the Committee for a Responsible Federal Budget says their proposals don't necessarily add up.

Hourly workers at General Motors will soon be getting profit-sharing checks of up to $7,000 each after the automaker reported record earnings this week. President Obama may also get a political dividend, two and a half years after a government-engineered turnaround.

Obama reminded a group of United Auto Worker members this week that, back in 2009, his rescue of GM and Chrysler had plenty of critics.

Deficit reduction takes a back seat to job growth in the federal budget President Obama will unveil Monday. The spending plan forecasts more red ink in the current fiscal year than in 2011. Under the president's plan, budget deficits wouldn't reach a sustainable level until 2018.

The White House is trying to mend fences with Catholics and others who were outraged at a new rule governing insurance coverage for birth control.

That policy would have required Catholic hospitals, universities and other institutions to cover birth control in their employees' health insurance. Critics called that an assault on religious freedom.

President Obama announced a change of course Friday, and the White House is hoping to regain religious allies and maintain support from the women who voted for the president.

A Change Of Policy

Republican presidential hopeful Mitt Romney has joined the chorus criticizing President Obama over a controversial policy that would require most employers, including Catholic hospitals and universities, to include birth control in their employees' health insurance.

Catholic opinion leaders have denounced the policy as an assault on their religious freedom.

It turns out January was a surprisingly good month in the job market. U.S. employers added 243,000 jobs in January, and the unemployment rate fell to 8.3 percent.

That better-than-expected news from the Labor Department triggered a rally in the stock market Friday, with the Dow climbing more than 150 points. The news could also help the stock of President Obama.

The Obama administration got some got good news early in an election year with the latest jobs numbers and the lowest unemployment rate in three years.

President Obama is back in Washington Saturday after visiting five different states, all of which are likely to be hotly contested in November. He expanded on some of the ideas he outlined in Tuesday's State of the Union address and offered a preview of the argument he'll be making in the general election. NPR's Scott Horsley reports.

The Obama administration is announcing plans to lease nearly 38 million acres in the central Gulf of Mexico for offshore oil and gas drilling. It's part of the push to boost domestic energy supplies that the president outlined in his State of the Union address. President Obama is also promoting American manufacturing and worker-training efforts this week, as he visits five states likely to be important in the November election.

A day after delivering his State of the Union address to Congress, President Obama took his message on the road. Obama hoped that stops at manufacturing sites in Iowa and Arizona would drive home his point that the government should do more to encourage factory jobs.

The three-day trip also includes stops in Colorado, Nevada and Michigan. Those are all states likely to be important in the November election.

Obama kicked off his road trip at Conveyor Engineering and Manufacturing, a factory in Cedar Rapids, Iowa.

President Obama gave his State of the Union address Tuesday night. The speech was one part blueprint for economic cooperation, and one part political warning shot — as Obama prepares for a tough re-election campaign.

Transcript

RENEE MONTAGNE, HOST:

Even if Wikipedia was working, you couldn't use it to locate information about Mitt Romney's most recent tax filings. He has yet to make that tax information public.

STEVE INSKEEP, HOST:

Under pressure from his opponents, Romney says he will release information in April.

MONTAGNE: But yesterday, Romney did let slip a provocative tax detail. He acknowledged he's probably paying an effective tax rate of around 15 percent. And that's well below the rate that many middle-class families pay.

Under heavy pressure from his rivals, front-runner Mitt Romney defended his record as a venture capitalist. He also insisted he bears no responsibility for attack ads aired by his allies, and grudgingly said he might release his income tax returns this spring.

The central argument of Republican Mitt Romney's presidential campaign is that he understands how the economy works — thanks to his business background — in a way that President Obama does not.

Democrats have been challenging the former Massachusetts governor's claim that the private equity firm he founded helped to create more than 100,000 jobs. Now, some of Romney's Republican rivals are raising questions of their own.

President Obama acknowledged Friday that the economic recovery has a long way to go. Still, he was able to share some good news. The Labor Department reported that U.S. employers added 200,000 jobs in December, and the unemployment rate fell to 8.5 percent.

"Obviously, we have a lot more work to do," he said, "but it is important for the American people to recognize that we've now added 3.2 million new private sector jobs over the last 22 months."

Those better-than-expected numbers could help Obama, as he tries to hang on to his own job.

President Obama campaigned outside Cleveland, Ohio, Wednesday, where he announced the appointment of a new consumer watchdog. The president used a recess appointment to install Richard Cordray. That might have been routine, but the Senate is not officially in recess.

The Republican presidential contest remains fluid less than three weeks before the caucuses and primaries begin. Nationwide, nearly one in five GOP voters is still undecided. And in Iowa, candidates are making their final push before the Jan. 3 caucuses.

Former Massachusetts Gov. Mitt Romney on Friday told workers at a metal fabricating plant in Sioux City, Iowa: "I am running in this race because I understand how to get middle-class Americans prosperous again, working again, buying things, and putting more Americans back to work."

The day after the final debate before the primaries, former Massachusetts Gov. Mitt Romney campaigned in Iowa. He also picked up the endorsement of South Carolina Gov. Nikki Haley.

Newt Gingrich stood center state Thursday night in the Sioux City Convention Center. The sharpest elbows did not come from his close rivals, Mitt Romney or Ron Paul. Instead, it was Michele Bachmann who repeatedly went after Gingrich.

President Obama doesn't have to worry about winning the Jan. 3 Iowa caucuses. He's almost sure to be the only Democrat in the first-in-the-nation contest. Yet, that hasn't stopped the Obama campaign from organizing its own effort to get out the vote.

"Hi, my name is Margaret, and I'm a volunteer with President Obama's grassroots team, Organizing for America," says Margaret LaBounty during a recent phone drive.

President Obama lost a couple of economic battles on Capitol Hill on Thursday, but he is hoping to win the political war. The president vows to keep fighting for policies he says will benefit the broad middle class.

As Obama spoke to reporters in the White House briefing room, an electronic clock behind him ticked down the minutes, hours and days until year's end. That's when a payroll tax cut is due to expire, unless Congress votes to extend it.

Economic Skirmishes

President Obama will try Tuesday to follow in the footsteps of Teddy Roosevelt when he delivers an economic speech in Osawatomie, Kan., the same city where Roosevelt issued a famous call for a "New Nationalism" more than 100 years ago.

For Obama, this is a "connect-the-dots" speech. White House spokesman Jay Carney said it's a chance to show how the president's various economic proposals — from stricter banking oversight to payroll tax cuts — fit together, as Obama prepares for a re-election battle.

At a high school in Scranton, Pa., Wednesday, President Obama exhorted Republicans in Congress to extend the pay roll tax cut. He said putting money in the pockets of working people is more important than partisan politics.

New Hampshire voters have seen plenty of the Republican presidential candidates. But on Tuesday, they got a visit from President Obama, who was promoting part of his jobs plan. The payroll tax cut is due to expire at the end of next month.

Within the Republican presidential field, no one has talked tougher about China than Mitt Romney. He has vowed to go after that country from his first day in office, threatening to slap tariffs on Chinese imports to make up for its artificially low currency.

"We can't just sit back and let China run all over us," Romney said. "People say, 'Well, you'll start a trade war.' There's one going on right now, folks. They're stealing our jobs. And we're going to stand up to China."