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

Americans Celebrate Thanksgiving

Feasts centering on turkeys with an array of traditional sides and desserts are part of the holiday's traditions, which falls on the fourth Thursday in November More

Video For Obama, Ferguson Violence is a Personal Issue

With two years left in term, analysts say, president has less to lose by taking conversation on race further More

Video Italian Espresso Expands Into Space

When Italian astronaut Samantha Cristoforetti headed for the ISS, her countrymen worried how she would survive six months drinking only instant coffee 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.
Aung San Suu Kyi: Myanmar Opposition to Keep Pushing for Constitutional Changei
X
November 24, 2014 10:09 PM
Myanmar opposition leader Aung San Suu Kyi says she and her supporters will continue pushing to amend a constitutional clause that bars her from running for president next year. VOA's Than Lwin Htun reports from the capital Naypyitaw in this report narrated by Colin Lovett.
Video

Video Aung San Suu Kyi: Myanmar Opposition to Keep Pushing for Constitutional Change

Myanmar opposition leader Aung San Suu Kyi says she and her supporters will continue pushing to amend a constitutional clause that bars her from running for president next year. VOA's Than Lwin Htun reports from the capital Naypyitaw in this report narrated by Colin Lovett.
Video

Video Mali Attempts to Shut Down Ebola Transmission Chain

Senegal and Nigeria were able to stop small Ebola outbreaks by closely monitoring those who had contact with the sick person and quickly isolating anyone with symptoms. Mali is now scrambling to do the same. VOA’s Anne Look reports from Mali on what the country is doing to shut down the chain of transmission.
Video

Video Ukraine Marks Anniversary of Deadly 1930s Famine

During a commemoration for millions who died of starvation in Ukraine in the early 1930s, President Petro Poroshenko lashed out at Soviet-era totalitarianism for causing the deaths and accused today’s Russian-backed rebels in the east of using similar tactics. VOA’s Daniel Shearf reports from Kyiv.
Video

Video Hong Kong Protests at a Crossroads

New public opinion polls in Hong Kong indicate declining support for pro-democracy demonstrations after weeks of street protests. VOA’s Bill Ide in Guangzhou and Pros Laput in Hong Kong spoke with protesters and observers about whether demonstrators have been too aggressive in pushing for change.
Video

Video US Immigration Relief Imminent for Mixed-Status Families

Tens of thousands of undocumented immigrants in the Washington, D.C., area may benefit from a controversial presidential order announced this week. It's not a path to citizenship, as some activists hoped. But it will allow more immigrants who arrived as children or who have citizen children, to avoid deportation and work legally. VOA's Victoria Macchi talks with one young man who benefited from an earlier presidential order, and whose parents may now benefit after years of living in fear.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.
Video

Video Tensions Build on Korean Peninsula Amid Military Drills

It has been another tense week on the Korean peninsula as Pyongyang threatened to again test nuclear weapons while the U.S. and South Korean forces held joint military exercises in a show of force. VOA’s Brian Padden reports from the Kunsan Air Base in South Korea.
Video

Video Mama Sarah Obama Honored at UN Women’s Entrepreneurship Day

President Barack Obama's step-grandmother is in the United States to raise money to build a $12 million school and hospital center in Kogelo, Kenya, the birthplace of the president's father, Barack Obama, Sr. She was honored for her decades of work to aid poor Kenyans at a Women's Entrepreneurship Day at the United Nations.
Video

Video Ebola Economic Toll Stirs W. Africa Food Security Concerns

The World Bank said Wednesday that it expects the economic impact of the Ebola outbreak on the sub-Saharan economy to cost somewhere betweenf $3 billion to $4 billion - well below a previously-outlined worst-case scenario of $32 billion. Some economists, however, paint a gloomier picture - warning that the disruption to regional markets and trading is considerable. Henry Ridgwell reports from London.
Video

Video Chaos, Abuse Defy Solution in Libya

The political and security crisis in Libya is deepening, with competing governments and, according to Amnesty International, widespread human rights violations committed with impunity. VOA’s Al Pessin reports from London.
Video

Video US Hosts Record 866,000 Foreign Students

Close to 900,000 international students are studying at American universities and colleges, more than ever before. About half of them come from Asia, mostly China. The United States hosts more foreign students than any other country in the world, and its foreign student population is steadily growing. Zlatica Hoke reports.

All About America

AppleAndroid

World Currencies

EUR
USD
0.8016
JPY
USD
117.76
GBP
USD
0.6340
CAD
USD
1.1268
INR
USD
61.850

Rates may not be current.