Scott Horsley

Leaders of the world's biggest economies wrapped up the G-20 summit in Mexico Tuesday with a promise to work together to promote jobs. The meeting comes amid worrisome signs of slowing growth in the United States and elsewhere.

President Obama and other world leaders are gathering in Los Cabos, Mexico, on Monday for the G-20 summit. They're hoping to get some assurances that European governments are getting control of their financial problems before they become a further drag on the global economy.

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The Obama administration is announcing a major change in immigration policy this morning. It affects people who are brought to the U.S. as children illegally. Beginning immediately, these young people can avoid deportation and will be allowed to work in this country. The move could affect as many as 800,000 undocumented residents 30 years old or younger.

Joining us now to talk about the move is NPR's Scott Horsley. He's at the White House. And Scott, who exactly is affected?

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President Obama's Ohio speech yesterday was designed to draw a contrast between his economic vision and Mitt Romney's. It was also meant to argue that the state of the economy doesn't hand his rival the keys to the White House.

NPR's Scott Horsley reports.

SCOTT HORSLEY, BYLINE: As initial unemployment claims ticked up again this week, President Obama said he's reminded every day just how tough things still are for many Americans. But he also expressed confidence that by working together, those challenges can be overcome.

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SCOTT HORSLEY, BYLINE: And I'm Scott Horsley in Providence. Netroots Nation is part pep rally, part technology seminar, and - this year at least - part postmortem. Netroots Chairman Adam Bonin kicked off the gathering just two days after the Wisconsin vote, which was viewed very differently in this crowd than it was by the audience at CPAC.

The Obama administration is searching for a "sweet spot" in economic policy: measures that could increase job growth right now without worsening the federal deficit. That task gained new urgency this month when the Labor Department reported a sharp slowdown in job growth in May.

The challenge could force the president to try to revive his "grand bargain" with Republicans.

If unusually warm weather helped encourage job growth earlier this year, May was like a wet, cold rain. A report from the Labor Department on Friday showed that U.S. employers added just 69,000 jobs last month — far fewer than expected.

NPR is examining what the American dream means to our culture, our economy and our politics. On Morning Edition, we'll explore what Republicans think of the American dream. In this installment, the view from President Obama.

The American dream — the idea that in this country anyone can rise from humble beginnings and succeed — is deeply woven into our national psyche. It's a promise that draws immigrants to our shores. And it's a staple on the campaign trail.

Camp David, in the Maryland hills outside Washington, D.C., is usually a place for the president and his family to get away from work, a wooded refuge with a swimming pool, tennis courts and a putting green.

This weekend, though, President Obama is bringing work with him to the camp — along with the leaders from most of the countries with the world's largest economies.

The Group of Eight is meeting in the rustic setting, but the agenda will be all business.

Republicans who control the House want to block some $55 billion worth of automatic cuts to the Pentagon budget next year. Instead, they want to cut funding for social programs such as food stamps, Medicaid and Meals on Wheels. It's a choice that has been framed as guns versus butter, and this time, guns are expected to win.

The Obama administration has threatened to veto the legislation, which the House votes on Thursday. But the president is willing to leave the Pentagon cuts in place for now, in hopes of bringing Republicans back to the bargaining table.

President Obama says the country has come too far in the last four years to change course now. He kicked off his re-election campaign Saturday with a pair of high-profile rallies in two pivotal states, Ohio and Virginia.

Obama acknowledged the economic recovery still has a long way to go. Yet he argued his Republican challenger, Mitt Romney, would move the country backward, not forward.

Unsatisfied With Unemployment

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For the president, next week is being billed as the official launch of his re-election campaign. Mr. Obama will be holding rallies in the swing states of Ohio and Virginia. But it would be hard to tell a difference from this week, when Mr. Obama made a tour of college campuses in three other battleground states.

President Obama sets off on a two-day tour of college campuses Tuesday to tout a plan to keep student loans more affordable.

The trip is billed as official business, but it has a political flavor. Stops include: North Carolina, where Democrats hold their national convention this summer; Colorado, where Obama accepted his party's nomination four years ago; and Iowa, where his White House campaign was launched in 2008.

All three states are expected to be hard-fought battlegrounds in November.

More than 99 million federal taxpayers had filed their returns as of Tuesday, with more than 80 million of those expecting a refund.

People who file at the last minute — and Tuesday is this year's deadline — are somewhat more likely to owe money to the government. And if Congress and the president don't act, next year could see many more Americans paying higher taxes.

That's not because either President Obama or presumptive Republican challenger Mitt Romney advocate a tax increase for most Americans.

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President Obama is back in Washington this morning, after a weekend summit in Colombia. The gathering with leaders from throughout the Americas produced some agreement on trade and some disagreement on drug policy in Cuba.

Jim Yong Kim, President Obama's nominee to be the leader of the World Bank, is an unconventional choice. As a global health expert, he's a medical doctor who helped start an international health organization. He currently serves as president of Dartmouth College.

"Despite its name, the World Bank is more than just a bank," Obama told reporters during the White House announcement Friday morning. "It's time for a development professional to lead the world's largest development agency."

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The second day of President Obama's all-of-the-above energy tour brought him to Oklahoma.

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President Obama visits Oklahoma today, talking of speeding construction for a major oil pipeline. Yesterday, he visited a solar panel farm in Nevada. Those were just two of the stops on a presidential effort to defend his energy policies. He's under pressure from Republicans because of rising gas prices.

And we start our coverage with NPR's Scott Horsley.