Earlier in the morning, Mr. Obama will receive his daily and economic briefings in the Oval Office.
The president will then meet with Rev. Al Sharpton, Mayor Michael Bloomberg, and former Speaker Newt Gingrich to discuss education reform.
This afternoon he will meet with Council of Economic Advisors Chair Christina Romer in the Oval Office and hold a meeting with Russian Foreign Minister Sergey Lavrov in the Oval Office.
Of note, the president will also sign a proclamation to make today a National Day of Prayer. Here is more from the White House press office (all times Eastern):
9:30AM President Obama receives the Presidential Daily Briefing
9:50AM President Obama receives the Economic Daily Briefing
10:35AM President Obama delivers remarks on the budget
11:05AM President Obama meets with senior advisers
12:45PM President Obama meets with Rev. Al Sharpton, Mayor Michael
Bloomberg, and former Speaker Newt Gingrich to discuss education
2:00PM President Obama meets with CEA Chair Christina Romer
2:45PM President Obama meets with Secretary of State Hillary Clinton
4:15PM President Obama meets with Russian Foreign Minister Sergey Lavrov