News / Economy

Obama, Democratic Leaders Meet on Economy

President Obama and Vice President Joe Biden meet with President Bill Clinton and business leaders in the White House, 14 July 2010
President Obama and Vice President Joe Biden meet with President Bill Clinton and business leaders in the White House, 14 July 2010
David Dyar

Nearing important votes in Congress on key items on his agenda, President Obama held more meetings on Wednesday with congressional Democrats.  The president's talks this week with the majority Democratic leadership of the House of Representatives and U.S. Senate came amid some tensions between the White House and Democratic leaders on Capitol Hill.  

Though there are still more than three months to go before the mid-term congressional elections, there is actually far less time remaining for action on key Obama priorities before lawmakers are scheduled to leave town sometime in October for campaigning.

Mr. Obama expects to be able to sign financial system regulatory reform legislation, which has domestic as well as global importance, after a final Senate vote sends the bill to his desk.

White House spokesman Robert Gibbs reiterated on Wednesday what the president sees as the huge significance of the legislation. "The president will make an issue of passing what is a significant part of our economic recovery, that is putting in place rules that do not allow the type of activities to happen going forward that happened just a little under 2 years ago," he said.   

Before the end of this month, the U.S. Senate will take up energy and climate change legislation, another major objective of the president since he took office.

But it has been a week of more tough news for the president, who faces slipping public approval ratings, and some additional unsettling economic news.

The White House continues to try to keep the focus on progress, issuing a report saying that the Obama economic stimulus has saved or created as many as 3.6 million jobs.

However, the effect of this report was blunted the same day it was announced by the U.S. Federal Reserve which issued a more pessimistic outlook for U.S. economic growth.

All of this came amid an outbreak of tension between the White House and Democratic party leaders in the House of Representatives over a recent remark by presidential spokesman Robert Gibbs about the November mid-term congressional elections.

On NBC's Meet the Press, Gibbs said, in his words "there's no doubt there are enough seats in play that could cause Republicans to gain control" of the House of Representatives.

That angered Speaker Nancy Pelosi, who with other House Democratic leaders met with the president late Wednesday.

The White House has circulated a memo detailing administration efforts to help Democratic candidates ahead of the mid-term elections.  Gibbs said on Wednesday that nothing he had said was "politically shocking" adding that he does believe Democrats will retain control of both the House and the Senate.

How the drama played out in Wednesday's meeting with the president was not apparent from Pelosi's brief remarks to reporters.  She said nothing about the tensions over the Gibbs remark, and described the talks as very positive focusing on the issues of job creation and the economy.

President Obama discussed the economy and job creation Wednesday with business leaders.  Also participating was former President Bill Clinton, and billionaire investor Warren Buffet, who the president has consulted frequently on economic issues.

On Thursday, President Obama makes the latest of a series of trips designed to highlight progress in U.S. states from his economic recovery program.  He will appear in Michigan at the opening of a new battery plant, to highlight jobs created under the economic stimulus.

You May Like

Philippines, Muslim Rebels Try to Salvage Peace Pact

Peace process faces major setback after botched military operation to find terrorists results in bloody gunbattle between government forces, Moro Islamic Liberation Front fighters More

Republicans Expect Long, Expensive Presidential Battle

Political strategist says eventual winner will be one who can put together strongest coalition of various conservative groups that make up Republican Party More

Video New Wheelchair Is Easier to Use, Increases Mobility

Engineers have come up with a lever-operated design that makes use of easily accessible bicycle technology 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.
Liberia's Almost Last Ebola Patient Grateful but Still Grievingi
X
Benno Muchler
March 26, 2015 3:41 PM
Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Liberia's Almost Last Ebola Patient Grateful but Still Grieving

Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Cambodian Land Grabs Threaten Traditional Communities

Indigenous communities in Cambodia's Ratanakiri province say the government’s economic land concession policy is taking away their land and traditional way of life, making many fear that their identity will soon be lost. Local authorities, though, have denied this is the case. VOA's Say Mony went to investigate and filed this report, narrated by Colin Lovett.
Video

Video US, South Korea Conduct Joint Military Exercises

The Eighth U.S. Army Division and the Eighth Republic of Korea Mechanized Infantry Division put on a well orchestrated show of force for the media this week during their joint military training exercises in South Korea. VOA’s Seoul correspondent Brian Padden was there and reports the soldiers were well disciplined both in conducting a complex live fire exercise and in staying on message with the press.
Video

Video Space Program Status Disappoints 'Last Man on the Moon'

One of the films that drew big crowds last week at the annual South by Southwest festival in Austin, Texas, tells the story of the last human being to stand on the moon, U.S. astronaut Eugene Cernan. It has been 42 years since Cernan returned from the moon and he laments that no one else has gone there since. VOA’s Greg Flakus reports.
Video

Video Young Filmmakers Shine Spotlight on Giving Back

A group of student filmmakers from across the United States joined President Barack Obama at the White House this month for the second annual White House Student Film Festival. Fifteen short films were officially selected from more than 1,500 entries by students aged 6 through 18. The filmmakers and their families then joined the president and a group of celebrities for a screening of their films. VOA’s Julie Taboh reports.
Video

Video VOA Exclusive: Interview with Afghan President Ashraf Ghani

Afghan President Ashraf Ghani, during his first visit as president to Washington, gave a one-on-one interview with VOA Afghan Service reporter Said Suleiman Ashna, about his request for a change in U.S. troop levels, the threat from the Islamic State, and repairing relations with the United States and Pakistan. The interview was held at Blair House, late Sunday, in Pashto.
Video

Video California Science Center Tells Story of Dead Sea Scrolls

The ancient manuscripts were uncovered in the mid-20th century, and they are still yielding clues about life and religious beliefs in ancient Israel. As VOA's Mike O'Sullivan reports, an exhibit in Los Angeles shows how modern science is bringing the history of these ancient documents to life.
Video

Video Angelina Jolie Takes Another Bold Step

Hollywood actress and filmmaker Angelina Jolie has revealed she had her ovaries and fallopian tubes removed to lower her odds of getting cancer. Doctors say the huge publicity over her decision will help raise awareness about the importance of cancer screening. VOA’s George Putic has more

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

World Currencies

EUR
USD
0.9211
JPY
USD
119.18
GBP
USD
0.6722
CAD
USD
1.2509
INR
USD
62.518

Rates may not be current.