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President Obama's top economic adviser said Sunday he believes Congress will pass new oversight rules for the financial industry. Lawrence Summers also said putting even more Americans back to work is a White House "preoccupation."
President Barack Obama on Thursday faced pressure to help create jobs in African-American communities and deliver an immigration overhaul even as he tried to push healthcare reform across the finish line.
Arnold Schwarzenegger, California's Republican governor, defended Democratic President Barack Obama's stimulus plan on Sunday, saying 150,000 new jobs were created in his state thanks to the legislation.
The United States is likely to average 95,000 more jobs each month this year, while personal savings will remain high as credit remains tight, according to a White House report released Thursday.
President Obama kicked off his latest bipartisan push on Tuesday morning as he met with Democratic and Republican congressional leaders to discuss jobs and the economy.
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.
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.
The plan, which the president is scheduled to announce in a stop at a Baltimore business, would offer a $5000 tax credit for each new worker hired this year, up to $500000 per business. President Obama speaks at a town hall meeting at the University of ...