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Obama vacation still on, White House says

By NBC's Scott Foster 

Later this month President Obama will vacation with his family in Martha's Vineyard, the White House announced today, but spokesman Jay Carney asserted the time away from Washington won't allow for much a of a break from the ongoing economic crisis.

"The Presidency travels with you," Carney told reporters in the daily briefing. "He will be in constant communication and get regular briefings from his national security team, as well as his economic team."

Following last weekend's credit downgrade and three days of record volatility in U.S. and international markets some had speculated the President might call Congress back from their own month long recess.

Given the fragile economy, reporters today questioned the President's own plans for some time off.

Carney responded that the President is focused everyday on dealing with the economy, talking with his advisors, the business community and international leaders.

Still the President’s spokesman said, "I don't think Americans out there would begrudge that notion that the president would spend some time with his family."

And Carney sought to remind reporters that breaking news requiring the commander-in-chief's immediate attention often disrupt presidential vacations.

"I think, as anyone who's covered it in the past, either in this administration or others, there's no such thing as a presidential vacation,” he said.

Two years ago while in Martha's Vineyard the President announced he was keeping Ben Bernanke on as Fed Chairman just before bleak news broke about the nation's deficit.  And during that same year the President curtailed his vacation to deliver the eulogy at Senator Ted Kennedy's funeral.

Later that year while in Hawaii for Christmas vacation the President and his team had a major national security scare after an Al Qaeda operative hid explosives in his underwear and attempted to blow up a jetliner bound for Detroit.

This time Carney acknowledged that with all eyes focused on a shaky global economy, the President’s time on Martha’s Vineyard could always be cut short.

"He will, of course, be fully capable if necessary of traveling back if that were required. It's not very far," Carney said.