News / USA

Obama to Make Statement on Economy

President Barack Obama is seen through the window of a limo as he returns to the White House for the first time since his victory on election day, in Washington, Nov. 7, 2012.
President Barack Obama is seen through the window of a limo as he returns to the White House for the first time since his victory on election day, in Washington, Nov. 7, 2012.
TEXT SIZE - +
VOA News
U.S. President Barack Obama, busy making plans for his second term, will make a statement at the White House Friday on the still shaky U.S. economy.

Analysts say they do not expect Obama to announce any new proposals, but instead will urge Congress to do what it can to avoid the automatic deep spending cuts and tax hikes that would take effect on January 1st.

Economists call the deadline a "fiscal cliff," saying it could push the U.S. economy back into recession.

President Obama won reelection this week in part because of his support for tax increases for Americans making more than $250,000 a year. Many Republicans fiercely oppose tax increases for anyone. But Republican Speaker of the House John Boehner said Wednesday he is open to some form of new government revenues, as long as they include changes to programs such as Social Security and Medicare.

Democratic Senate Majority Leader Harry Reid says no one will be "messing with Social Security" as part of any compromise.

President Obama defeated Republican Mitt Romney Tuesday to win a second four-year term.

The White House says the president has been receiving congratulatory messages from other world leaders. It says the president appreciates the messages and looks forward to continuing to work with all his fellow leaders to address global challenges.

The White House said the president spoke with 13 world leaders Thursday - British Prime Minister David Cameron, Egyptian President Mohamed Morsi, French President Francois Hollande, Israeli Prime Minister Benjamin Netanyahu, and Turkish Prime Minister Recep Tayyip Erdogan, Australian Prime Minister Julia Gillard, Brazilian President Dilma Rousseff, Canadian Prime Minister Stephen Harper, Colombian President Juan Manuel Santos, German Chancellor Angela Merkel, Indian Prime Minister Manmohan Singh, Saudi King Abdullah bin Abd al-Aziz, and NATO Secretary General Anders Fogh Rasmussen.

You May Like

Multimedia Anti-Keystone XL Protests Continue

Demonstrators are worried about pipeline's effect on climate change, their traditional way of life, health and safety More

Thailand's Political Power Struggle Continues

Court gave Prime Minister Yingluck Shinawatra until May 2 to prepare her defense over abuse of power charges but uncertainty remains over election timing More

Malaysia Plane Search Tests Limits of Ocean Mapping Technology

Expert tells VOA existing equipment’s maximum operating depth is around 6 kilometers as operation continues on ocean bed for any trace of MH370 More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Pet Kangaroo Helps Spread Environmental Messagei
X
Penelope Poulou
April 22, 2014 5:53 PM
Children’s author Julia Heckathorn travels the world to learn about different ecosystems and endangered animals. She pours her knowledge into children’s books, hoping the next generation will right the environmental wrongs of our times. As in many children's books, the main character in Heckathorn's stories is an animal. Unlike those other characters, though, this one is real - a kangaroo, that lives in the author’s backyard. VOA’s Penelope Poulou has more.
Video

Video Pet Kangaroo Helps Spread Environmental Message

Children’s author Julia Heckathorn travels the world to learn about different ecosystems and endangered animals. She pours her knowledge into children’s books, hoping the next generation will right the environmental wrongs of our times. As in many children's books, the main character in Heckathorn's stories is an animal. Unlike those other characters, though, this one is real - a kangaroo, that lives in the author’s backyard. VOA’s Penelope Poulou has more.
Video

Video Pro-Russian Separatists Plan 'Federalization Referendum' in Eastern Ukraine

Pro-Russian separatists in eastern Ukraine say they plan to move forward next month with a referendum vote for greater autonomy, despite the Geneva agreement reached with Russia, the U.S. and Ukraine to end the political conflict. VOA's Brian Padden reports from the city of Donetsk in Eastern Ukraine.
Video

Video Pope Francis Hopes Dual Canonizations Will Reconcile Church

On April 27, two popes - John the XXIII and John Paul II - will be made saints in a ceremony at St. Peter’s Square. VOA religion correspondent Jerome Socolovsky says the dual canonization is part of the current pope’s program to reconcile liberals and conservatives in the Roman Catholic Church.
Video

Video In Capturing Nature's Majesty, Film Makes Case for Its Survival

French filmmaker Luc Jacquet won worldwide acclaim for his 2005 Academy Award-winning documentary "March of the Penguins". Now Jacquet is back with a new film that takes movie-goers deep into the heart of a tropical rainforest - not only to celebrate its grandeur, but to make the case for its survival. VOA's Rosanne Skirble reports.
Video

Video Boston Marathon Bittersweet for Many Runners

Monday's running of the Boston Marathon was bittersweet for many of the 36,000 participants as they finished the run that was interrupted by a double bombing last year. Many gathered along the route paid respect to the four people killed as a result of two bombings near the finish line. VOA's Carolyn Presutti returned to Boston this year to follow two runners, forever changed because of the crimes.
Video

Video International Students Learn Film Production in World's Movie Capital

Hollywood - which is part of Los Angeles - is the movie capital of the world, and many aspiring filmmakers go there in hopes of breaking into the movie business. Mike O'Sullivan reports that regional universities are also a magnet for students who hope to become producers or directors.
Video

Video Pacific Rim Trade Deal Proves Elusive

With the U.S.-led war in Iraq ended and American military involvement in Afghanistan winding down, President Barack Obama has sought to pivot the country's foreign policy focus towards Asia. One aspect of that pivot is the negotiation of a free-trade agreement among 12 Pacific Rim nations. But as Obama leaves this week on a trip to four Asian countries he has found it very difficult to complete the trade pact. VOA's Ken Bredemeier has more from Washington.
Video

Video Autistic Adults Face Housing, Job Challenges

Many parents of children with disabilities fear for the future of their adult child. It can be difficult to find services to help adults with disabilities - physical, mental or emotional - find work or live on their own. The mother of an autistic boy set up a foundation to advocate for the estimated 1.2 million American adults with autism, a developmental disorder that causes communication difficulties and often social difficulties. VOA's Faiza Elmasry reports.
AppleAndroid