Update: Click here for live stream

President Barack Obama is teaming up with Facebook to talk about the nation’s economy and plans to deal with financial challenges.

He will be at the social media company’s headquarters in Palo Alto, California on Wednesday to answer questions in an online Town Hall format.

The event will be streamed at WhiteHouse.gov. 4:45 p.m. EDT. It will also be available at www.facebook.com/WhiteHouse.

The White House is inviting people to submit questions at www.whitehouse.gov/facebooktownhall.

The following is Obama’s statement on the gathering.

“Hi everybody. I just want to take a minute to invite you to a town hall meeting on the economy that I’m holding on Facebook’s headquarters this Wednesday, April 20th. It’s going to be live streamed and I’ll answer questions from folks across the country. So I hope you’ll take a break from either friending or defriending each other to RSVP at Facebook.com/WhiteHouse and you should invite others to join too. Thanks so much. I’m looking forward to it.”