White House Officials Hold a White House News Briefing Via Teleconference On Food Aid

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White House Officials Hold a White House News Briefing Via Teleconference On Food Aid

WHITE HOUSE NEWS BRIEFING VIA TELECONFERENCE ON FOOD AID, AS RELEASED BY THE WHITE HOUSE

MAY 1, 2008

SPEAKERS: ED LAZEAR, CHAIRMAN, COUNCIL OF ECONOMIC ADVISERS

OFFICE OF MANAGEMENT AND BUDGET DEPUTY DIRECTOR STEVE MCMILLIN

ASSISTANT TO THE PRESIDENT FOR INTERNATIONAL ECONOMIC AFFAIRS DANIEL M. PRICE WHITE HOUSE DEPUTY PRESS SECRETARY SCOTT STANZEL

[*] STANZEL: Thank you all for joining us today. This is Scott Stanzel, Deputy White House Press Secretary. And I have joining me today Deputy Director of the Office of Management and Budget Steve McMillin; Chairman of the Council of Economic Advisers Ed Lazear; and Deputy National Security Advisor for International Economic Affairs Dan Price.

And we'll turn it over to each one of them for some brief comments to start off, and then we will get to your questions. So with that, Steve McMillin.

MCMILLIN: Thank you. This is Steve McMillin. Just wanted to give you a little bit of the budgetary overview as background for the President's announcement today. The President announced a request for the Congress to appropriate an additional $770 million to deal with the global food crisis. He also discussed a $...

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