Barack Obama, Economy | featured news

President Obama on Saturday defended his party's efforts to shore up America's battered economy and exhorted his fellow Democrats to stay steady and focused in the face of grass-roots restlessness.

President Barack Obama pledged on Monday to halve a record 2010 budget deficit by the end of his first term in office, but made tackling double-digit unemployment his immediate priority with a spending plan that risked public ire and a rough battle in Congress.

Administration estimates record-setting amount will drop to $1.3 trillion in 2011; Obama's proposed $3.8 trillion budget focuses on economy.

President Barack Obama renewed his pledge on Saturday to make job creation his top priority in 2010 but said it was also critical to rein in a record budget deficit that threatened economic recovery.

President Obama goes before Congress for his first State of the Union address Wednesday night to show he can boost the economy and create jobs this year while cutting the budget deficit in 2011.

Previewing key elements of his State of the Union address, President Barack Obama is announcing on Monday a series of initiatives aimed at calming some of the economic fears of struggling middle class families.

President Barack Obama will deliver his first State of the Union address on January 27 and his budget plan on February 1, setting the tone for a second year in office marked by a long list of economic and foreign policy challenges.

President Barack Obama singled out financial institutions for causing much of the economic tailspin and criticized their opposition to tighter federal oversight of their industry....

President Barack Obama will lay out policy proposals to combat double-digit unemployment in a speech on Tuesday tackling an economic problem that has become a political drain on his young administration.

President Obama kicked off a White House jobs forum Thursday by saying he is "open to every demonstrably good idea" to reverse ...