10:16 A.M. EDT

THE PRESIDENT:  Good morning, everybody.  As we head into Labor Day weekend, I know many people across this country are concerned about what the future holds for themselves, for their families, and for the economy as a whole.

The President today declared an emergency exists in the Commonwealth of Massachusetts and ordered Federal aid to supplement Commonwealth and local response efforts in the area struck by Hurricane Earl beginning on September 1, 2010, and continuing.

President Obama called President Sarkozy earlier today to thank him for his support for a comprehensive Middle East peace, and to consult on next steps to encourage further progress in the direct talks between Israel and the Palestinian Authority.  The President noted that he had a productive series of meetings yesterday, and said that he believed the two parties were committed to achieving progress.  President Sarkozy affirmed his full support for the peace talks and his commitment to working with President Obama and the other leaders to advance the process.  Both leaders agreed to remain

On September 4, 2010, National Economic Council Director Lawrence H. Summers and Deputy National Security Advisor Thomas E. Donilon will travel to Beijing, China for three days of meetings with Chinese leaders and policymakers, including Vice Premier Wang Qishan and State Councilor Dai Bingguo.  Lawrence H. Summers and Thomas E. Donilon will discuss a wide range of issues touching on bilateral and international issues.

* The President spoke with FEMA Administrator Fugate today at 1:15p.m.EDT about Hurricane Earl.

* The President was briefed on the oil platform fire in the Gulf and the government response today by Assistant to the President and Deputy National Security Adviser for Homeland Security and Counterterrorism John Brennan. 

12:20 P.M. EDT

MR. GIBBS:  Good afternoon.  Let me begin with one just quick statement on Hurricane Earl.

SUBJECT:  Continuation of the Exercise of Certain Authorities Under the Trading With the Enemy Act

Under section 101(b) of Public Law 95-223 (91 Stat. 1625; 50 U.S.C. App. 5(b) note), and a previous determination on September 11, 2009 (74 FR 47431, September 16, 2009), the exercise of certain authorities under the Trading With the Enemy Act is scheduled to terminate on September 14, 2010.

I hereby determine that the continuation for 1 year of the exercise of those authorities with respect to Cuba is in the national interest of the United States.

The President today declared an emergency exists in the State of North Carolina and ordered Federal aid to supplement State and local

response efforts due to the emergency conditions resulting from Hurricane Earl beginning on September 1, 2010, and continuing.

 7:05 P.M. EDT

PRESIDENT OBAMA:  Good evening, everyone.  Tomorrow, after nearly two years, Israelis and Palestinians will resume direct talks in pursuit of a goal that we all share —- two states, Israel and Palestine, living side by side in peace and security. Tonight, I’m pleased to welcome to the White House key partners in this effort, along with Secretary of State Hillary Clinton and the representative of our Quartet partners, former Prime Minister Tony Blair.

President Obama and President Mubarak met today and reaffirmed the strong ties between Egypt and the United States of America.

The leaders stated their strong support for the resumption of direct talks between the Israelis and the Palestinians, and President Obama thanked President Mubarak for his leadership and support for peace in the region.  They expressed their hope that the resumption of direct talks will lead to two states living side-by-side in peace and security.    

  One of the greatest responsibilities we have as a Nation is to safeguard the health and well-being of our children.  We now face a national childhood obesity crisis, with nearly one in every three of America's children being overweight or obese.  There are concrete steps we can take right away as concerned parents, caregivers, educators, loved ones, and a Nation to ensure that our children are able to live full and active lives.