WHITE HOUSE

The Obama administration nailed a 'condemned' sign on the wrecked U.S. housing finance system on Friday but did not offer a clear blueprint for a rebuilding project that promises to take years.

The following is a White House transcript of President Barack Obama's remarks on Egypt from the Grand Foyer in the White House on February 11, 2011.

President Barack Obama will make a trip to Oregon at the end next week and will visit an Intel manufacturing plant as well as discuss the company's programs related to science, engineering and math programs, the White House spokesman Robert Gibbs said in a press conference on Friday.

President Barack Obama said the Egyptian people's voices were heard and President Hosni Mubarak responded to people's hunger for change.

A diplomatic standoff between America and Pakistan may intensify after a Pakistani police official said the police will recommend murder charges for American diplomat Raymond Davis for committing a “clear murder” of two Pakistanis last month.

President Barack Obama said late Thursday it was not yet clear how Egypt's government is moving to transfer authority, on the same day when Egyptian President Hosni Mubarak said he would be handing some of his powers to his vice president but would remain in office until September's elections.

President Obama announced his latest wireless Internet initiative, which aims to cover 98 percent of Americans.

The arrest of a Taiwanese general accused of spying for China is a warning to Taiwan to be wary of its old foe despite warming economic links that are likely to stay unscathed by the case.

President Barack Obama will outline his plan on Thursday for expanding high speed wireless Internet service to 98 percent of Americans while reducing the U.S. deficit by $9.6 billion over the next 10 years.

Egypt must do more to meet protesters' demands for political change, the United States said on Wednesday in a sharp escalation of rhetoric with one of its most important allies in the Middle East.

The Obama administration is closely watching the economic fallout from Egypt's political crisis and believes progress toward democratic reforms would help stem economic instability, a U.S. official said on Wednesday.

The U.S. House Republicans will unveil their proposed budget cuts on Thursday for the remaining of fiscal 2011. The steep cuts proposed for energy and environmental programs foreshadow the continued trends that will dominate the foreseeable future, FBR Capital Markets said in a note to clients.

President Barack Obama will unveil his plans to expand high-speed wireless service to at least 98 percent of Americans within five years, while reducing the U.S. deficit by about $10 billion over the next decade.

Federal Reserve chairman said the risk of inflation was “quite low” and that higher prices in emerging markets were unlikely to spill over into the U.S.

President Barack Obama will propose giving financial relief to U.S. states struggling with high unemployment insurance debt, the White House said on Tuesday, hoping that a lifeline now will avoid bailouts later.

The White House unveiled plans to spend $53 billion over the next six years on bringing high-speed rail service to 80 percent of Americans within 25 years, though House Transportation Committee chairman John Mica and Railroads Subcommittee chairman Bill Shuster expressed reservations over its future benefit.

Obama kicked smoking habit almost a year back and didn’t have had a cigarette since then, says first lady Michelle Obama.

President Barack Obama stepped up efforts to woo the U.S. business community on Monday, seeking its help to tackle burdensome corporate taxes in a speech to a business group that has long been a fierce critic.

President Barack Obama called on U.S. businesses on Saturday to do more to boost the economy by hiring more workers and making investments.

US Republican Sarah Palin, known for her fiery speeches, has once again invoked controversy with her criticism of the Obama administration regarding its handling of the current situation in Egypt.

Egypt's ruling VP, Omar Suleiman, has recently survived an assassination attempt although it left two of his bodyguards dead, a media report said.