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
TEXT SIZE - +
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

Multimedia Relatives of South Korean Ferry Victims Fire at Authorities

46 people are confirmed dead, but some 250 remain trapped inside sunken ferry More

War Legacy Haunts Vietnam, US Relations

$84 million project aims to clean up soil contaminated by Agent Orange More

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends 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.
Ukraine, Russia, United in Faith, Divided in Politicsi
X
Michael Eckels
April 19, 2014
There is a strong historical religious connection between Russia and Ukraine. But what role is religion playing in the current conflict? In the run-up to Easter, Michael Eckels in Moscow reports for VOA.
Video

Video Ukraine, Russia, United in Faith, Divided in Politics

There is a strong historical religious connection between Russia and Ukraine. But what role is religion playing in the current conflict? In the run-up to Easter, Michael Eckels in Moscow reports for VOA.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid

World Currencies

EUR
USD
0.7217
JPY
USD
102.17
GBP
USD
0.5949
CAD
USD
1.1009
INR
USD
60.326

Rates may not be current.