Arab Today, arab today after bruising debt battle obama pivots to jobs
Last Updated : GMT 01:21:23
Arab Today, arab today
Arab Today, arab today

After bruising debt battle, Obama pivots to jobs

Arab Today, arab today

Arab Today, arab today After bruising debt battle, Obama pivots to jobs

Washington - AFP

Admitting a bruising debt-limit battle has likely hampered US recovery, President Barack Obama urged polarized lawmakers to help the job-hungry economy put out the \"now hiring\" sign.Stung by the bitter feud, Obama is eager to change the subject to economic growth and putting Americans back to work.\"In the coming months,\" Obama vowed minutes after the Senate approved legislation to avert a disastrous debt default and cut trillions in government spending. \"I\'ll continue also to fight for what the American people care most about: new jobs, higher wages and faster economic growth.\"With presidential elections just 15 months away, the US economy\'s performance and ability to generate new jobs is likely to be felt more directly by Americans than partisan sniping in Washington over the long-term debt.But the economy is barely treading water more than two years after a devastating recession that put millions of Americans out of work and triggered a global economic crisis. US lawmakers needed to put the nasty wrangling aside and after their vacation \"immediately take some... bipartisan steps that will make a difference,\" Obama said.\"Both parties share power in Washington and both parties need to take responsibility for improving this economy.\"Unemployment has remained historically high above nine percent percent as job creation stalled in June, posing new challenges to the Obama administration\'s efforts to rev up economic growth. US consumer spending also fell in June, Commerce Department figures showed in the latest in a series of discouraging reports on the state of the world\'s largest economy.Amid the grim news, Obama held a closed-door meeting with leaders of the AFL-CIO, the country\'s main labor union umbrella organization, and was expected to hear complaints for shrinking from his demand to include tax revenues as part of the debt deal.Obama signed into law the legislation, which raises the limit on US borrowing and enacts at least $2.1 trillion in spending cuts over the next decade.But he insisted it was just a \"first step\" in a lengthy process requiring hyper-partisan Democrats and Republicans to work together on a broad plan to cut the deficit and spur job growth.\"Since you can\'t close the deficit with just spending cuts, we\'ll need a balanced approach where everything is on the table,\" Obama said, calling for adjustments to health care programs and the tax code.He suggested creating a national infrastructure bank that could leverage private capital toward public investment, saying \"we have workers who need jobs and a country that needs rebuilding.\"As he pivoted toward a jobs agenda once more, Obama took a swipe at lawmakers who led the US economy to the brink by threatening a disastrous default.\"It\'s pretty likely that the uncertainty surrounding the raising of the debt ceiling for both businesses and consumers has been unsettling and just one more impediment to the full recovery that we need,\" Obama said.White House spokesman Jay Carney recognized Americans had \"lost a little bit of faith \" in the prolonged stalemate.But he insisted the debt compromise now allows US politicians to turn to the \"number one priority, which is growing the economy and creating jobs,\" and said Obama will be \"on the road\" soon to rally Americans around his job push.Republicans have promised that the spending cuts will create jobs, but Wall Street economists have warned the austerity measures will actually be a drag on already sluggish US growth even as government stimulus measures run out.A steady stream of Democrats fell in line behind Obama, pushing for a revived commitment to boost the ranks of the employed.\"The jobs issue won\'t have to play second fiddle to the deficit issue anymore, and that\'s what the American people want,\" Senator Chuck Schumer said.House minority leader Nancy Pelosi sounded a note of disgust about the debt deal, calling it \"a bitter pill for us to swallow, but we did.\"The House\'s number two Democrat Steny Hoyer said it was crucial to craft a manufacturing strategy.\"We need our own effective game plan to out-produce, out-innovate, out-build and, yes, out-invest our competitors around the world,\" he said.Obama\'s team has struggled to crank up the employment engine, and figures released in July showed no improvement jobs-wise for a second month in a row.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today after bruising debt battle obama pivots to jobs Arab Today, arab today after bruising debt battle obama pivots to jobs

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday