Congress, Job Creation | featured news

President Obama this evening rolls out a plan to inject $447 billion into the ailing economy through tax cuts aimed at working families and small businesses and spending to rebuild infrastructure, proposing a larger cash infusion than expected – and, perhaps, more than Congress will seriously consider.

House Speaker John A. Boehner says Congress would be happy to hear President Obama's ideas for job creation, just not on the day he asked for.

After pledging to send a job-creation package to Congress next month and daring Republicans to block it, President Obama offered few specifics Tuesday about the form the plan might take as he stuck to a broad outline of how to improve the economy.

American has fallen to 23rd in infrastructure quality globally, with a daunting $2 trillion backlog of needed projects. A national infrastructure bank, gaining support in Congress, could help.

End tax breaks that reward some U.S. companies with overseas subsidiaries and encourage those businesses to create jobs in other countries, President Barack Obama is telling Congress.

In the wake of a new jobs report showing increased unemployment, President Obama today said the steps his administration has taken to improve the economy are working, but not fast enough. He called on Congress to pass a small business bill and said he would announce next week a broader set of ideas to accelerate job creation.

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 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.