U.S. President Barack Obama gives a summary of the day's progress at the Federal Fiscal Responsibility Summit

President Barack Obama gives a summary of the day's progress at the Federal Fiscal Responsibility Summit. President Obama says a major focus of the discussions included the simplification of the tax process and protection for social security and health care. Obama answers questions and hears comments from the audience of government and business leaders. John McCain, for instance, asks about cost overruns on the procurement process, specifically on the President's new helicopter.