Scott Horsley

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

President Obama made an unannounced visit to Afghanistan Tuesday, and delivered a prime-time address to the American public. While there, he signed a new, long-term partnership agreement with the Afghan government, and marked the anniversary of Osama bin Laden's death with U.S. troops.

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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 on Wednesday visits students at the University of Iowa, where he'll again make a pitch for low-cost college loans. It's the last stop on a trip that's taken Obama to two other battleground states: Colorado and North Carolina. He's primarily reaching out this week to younger voters.

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.