Obama urges caution as storm approaches: 'Now is not the time to tempt fate'

Obama said he received a briefing Tuesday from Federal Emergency Management Agency (FEMA) administrator Craig Fugate, National Hurricane Center Director Rick Knabb and Secretary of Homeland Security Janet Napolitano. The president noted that the administration was prepared to provide all the assistance needed to the affected region, and that FEMA has been on the ground in the area for a week.

Seven years almost to the day since Hurricane Katrina decimated New Orleans and much of the Gulf Coast, Tropical Storm Isaac appears to be headed right for Louisiana's largest city. On Monday, Louisiana Gov. Bobby Jindal (R) sent a letter to Obama saying the federal government was not doing enough to help the state cover the expenses it’s taking on in preparation for the storm.

The president on Monday declared a state of emergency for Louisiana.

The action by Obama makes federal funding to the state available immediately, but Jindal said it “only provides for direct federal assistance” and doesn’t “provide for reimbursement of expenses that the state is taking to prepare for the storm.”

For more on Obama's remarks, click here.