U.S. President Barack Obama, center, speaks while meeting with members of the Democratic Governors Association in the State Dining Room with John Podesta, counselor to Obama, from left, David Simas, assistant to Obama, U.S. Vice President Joseph "Joe" Biden, Valerie Jarrett, senior advisor to Obama, Cecilia Munoz, director of the White House Domestic Policy Council, and Gene Sperling, director of the National Economic Council (NEC), in Washington, D.C., U.S., on Friday, Feb. 21, 2014. Obama will emphasize Democratic priorities in his next budget, dropping an offer to trim the growth of entitlement spending and proposing new tax limits for U.S.-based multi-national companies. UPI/Andrew Harrer/Pool