Previewing today's White House meeting with credit card companies, the AP writes: "President Barack Obama, appealing to mainstream consumers, is pushing for more legal protection for the millions of Americans who use credit cards… 'The president believes new rules of the road for the credit card industry are needed,' Obama senior adviser Valerie Jarrett said ahead of the president's planned session."
Video: http://www.msnbc.msn.com/id/21134540/vp/30354892#30354892">As Americans struggle with their credit card debt, President Barack Obama is expected to scrutinize skyrocketing credit card rates. NBC Chief White House correspondent Chuck Todd reports.
USA Today: "The administration — which scheduled the meeting at the request of some issuers — has promised to address credit card practices that Summers recently blamed for coaxing consumers 'into paying extraordinarily high rates that they wouldn't have paid if they knew what they were getting themselves into.'"
Per Politico, "The meeting is particularly ill-timed for the card industry. On Wednesday, the House Financial Services Committee approved legislation cracking down on credit card billing practices, frequently derided as abusive by consumer advocates. A bill has also passed the Senate Banking Committee but faces a tougher fight on the floor."
The New York Times covers Obama stumping for energy reform yesterday in Iowa. "He renewed his call for Congress to close the 'carbon loophole' by adopting a cap-and-trade system for reducing emissions of heat-trapping gases like carbon dioxide. And he promoted wind and other renewable forms of power, saying that for the first time the Interior Department would begin leasing federal waters for offshore production of electricity from the movement of wind, waves and tides."
GOP strategist Alex Conant asks if the wheels are coming off Obama's message team.