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BREAKING: President Obama to hold news conference

NN) – President Obama will hold a news conference on the economy and jobs Thursday, according to the White House press office.

The president will follow-up his September address to a joint session of Congress and continue to push legislators to act on his jobs plan, the “American Jobs Act,” according to a senior administration official.
He is also expected to endorse the “millionaire’s surtax,” a plan backed by Senate Democrats that would increase the amount that high-earners pay by 5%, with a few changes, the official said. The surtax would increase from 5 to 5.6 percent on those earning more than $1 million and would take effect in 2013 instead of 2012.

President Obama will speak live at 11 a.m. ET with full coverage on CNN and CNN.com/Live as will as live blog coverage at CNN.com/politicalticker.

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