Two weeks ago, President Obama presented his American Jobs Act to a joint session of Congress, and mentioned that he’d present a follow-up plan soon on debt reduction. That speech is set to get started in a few minutes. You can watch it here. [Update: I’ve swapped the video, replacing the live feed with the clip of the speech itself in its entirety.

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Also, for those who can’t watch videos online, or want some additional details from the administration, the White House released this fact sheet about the plan this morning. I’ll have some additional coverage on this soon.

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Follow Steve on Twitter @stevebenen. Steve Benen is a producer at MSNBC's The Rachel Maddow Show. He was the principal contributor to the Washington Monthly's Political Animal blog from August 2008 until January 2012.