Good for nothing.

(ABC News) — President Obama will spend today in closed-door meetings at the White House, no doubt tackling the fallout from Standard & Poor’s decision Friday to downgrade the nation’s credit.

After spending a low-key weekend at Camp David, the only item on the president’s schedule this morning is his daily briefing in the Oval Office.

Tonight the president will attend two off-camera DNC fundraisers in Washington, D.C. Obama will speak at a private residence first, before heading to an event at the St. Regis hotel.