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President Obama answers questions on the economy

CBS News conducted a special Town Hall on the economy with President Obama on Wednesday, May 11.

CBS News correspondent Harry Smith and "Early Show" co-anchor Erica Hill joined the president before a live audience at the Newseum, in Washington, D.C. CBS News Business and Economics Correspondent Rebecca Jarvis facilitated questions from an online audience nationwide via a special partnership with YouTube.

The special one-hour town hall meeting will be broadcast on Thursday, May 12, during the 8:00-9:00 a.m. hour of "The Early Show."

Preview: Obama calls for deficit reduction "incentives"

CBS News is making preparations for a Town Hall about the economy next month with leading Republicans.

The event will also be featured on a special edition of "Face the Nation" on Sunday, May 15.

The entire, unedited event will be available on-demand on YouTube and on

The CBS News polling unit helped CBS News journalists assemble and solicit questions from the live audience. YouTube participants also posed questions and interacted with the content.

CBS News also conducted a poll on the nation's economic situation that was addressed during the event.

Preview: The president talks about taxes:

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