The Washington Times - February 13, 2009, 02:59PM

President Obama will travel to Denver and Phoenix next week, with a speech outlining measures to prevent home foreclosures on Wednesday in the latter location, the White House said Friday.

The president expects to sign the $787 billion stimulus bill on Monday. He is headed to Chicago this evening for the weekend, the first time he and his family will have returned home since taking office nearly a month ago.

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Obama and first lady Michelle Obama will celebrate Valentine’s Day tomorrow in their hometown, and will return to Washington on Monday afternoon.

The president will go to Denver on Tuesday to talk about the stimulus, and then fly to Phoenix to stay overnight in advance of a speech Wednesday on the administration’s plan to stem home foreclosures.

White House press secretary Robert Gibbs said the foreclosure plan will cost somewhere in the neighborhood of $50 billion to $100 billion.

The Phoenix stop will be the president’s first appearance in the back yard of the man he defeated in the presidential campaign, Sen. John McCain, Arizona Republican.

We were going to write about this travel schedule yesterday, after the Associated Press reported it, but were told by the White House press office that the information was wrong, which turned out not to be true.

On Thursday, Obama will make his first trip to a foreign country, during a day trip to Ottowa, Canada.

- Jon Ward, White House reporter, The Washington Times