The President will speak at approximately 11:45am and will be LIVE on WBEN.
Sources confirm to CBS News correspondent Major Garrett that Mr. Obama is tasking Vice President Joe Biden, a longtime gun control advocate, with spearheading the effort.
In remarks from the White House on Wednesday, Mr. Obama will outline a process for pursuing policy changes following the school shooting, though he is not expected to call for specific measures.
The president has vowed to use "whatever power this office holds" to safeguard the nation's children after Friday's shooting at Sandy Hook Elementary in Newtown, Conn. Twenty children and six adults were killed at the school by a gunman carrying an arsenal of ammunition and a high-powered, military-style rifle.


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