Jobs Plan, Barack Obama Jobs Plan | featured news

President Obama held up a newly printed copy of his $447 billion American Jobs Bill today at the White House and demanded that Congress "immediately" pass it "to put people back to work." "No games, no politics, no delays," Obama said during a Rose Garden ceremony featuring a variety of workers he said would benefit from the legislation. "I'm sending this bill to Congress today, and they ought to pass it immediately."

President Barack Obama will take to the Rose Garden on Monday to make a pitch for his jobs creation plan and announce he is sending it to Congress later that evening, the White House said.

U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.

Markets declined on Friday in the wake of President Obama’s jobs speech that added to the uncertainty already weighing on global markets over the euro zone.

Mr. Speaker, Mr. Vice President, Members of Congress, and fellow Americans: Tonight we meet at an urgent time for our country. We continue to face an economic crisis that has left millions of our neighbors jobless, and a political crisis that has made things worse.

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.