Or is it a press conference, not that there’s much of a difference.

Via NY Times:

President Obama, continuing to make use of his unique White House bully pulpit, will address the nation on Monday night on the “stalemate over avoiding default and the best approach to cutting deficits,” Jay Carney, the press secretary, announced in a Twitter message late in the afternoon.

The president’s decision to intervene comes after House Republican leaders pushed for a vote Wednesday on a two-step plan that would allow the federal debt limit to immediately be raised by about $1 trillion and tie a second increase next year to the ability of a new joint Congressional committee to produce more deficit reduction.

But top Senate Democrats called the proposal a “non-starter” and said they would advance their own plan to reduce the deficit by $2.7 trillion and raise the debt ceiling until after next year’s elections, saying it met the conditions that Republicans had laid down during the ongoing debt fight.

 This oughta be interesting.