25129
Obama Tells Congress to Pass Budget, Avoid Shutdown
World Economy

Obama Tells Congress to Pass Budget, Avoid Shutdown

As Congress prepares to return for the fall session, President Obama is calling on lawmakers to pass a budget and avoid another government shutdown.
 “At a time when the global economy faces headwinds and America’s economy is a relative bright spot in the world, a shutdown of our government would be wildly irresponsible,” Obama said in his weekly address Saturday, Yahoo reported.
“It would be an unforced error that saps the momentum we’ve worked so hard to build. “Plain and simple, a shutdown would hurt working Americans,” he added.
Obama warned Congress he would veto a budget that does not sufficiently bolster the middle class.
“If Congress wants to support working Americans and strengthen our middle class, they can pass a budget that invests in, not makes cuts to, the middle class,” he said. “If they pass a budget with shortsighted sequester cuts that harm our military and our economy, I’ll veto it.”
“Our economy doesn’t need another round of threats and brinksmanship.  Nobody gets to play games with our economy–or the middle class I grew up in, and that you grew up in.  So tell Congress to pass a budget that reflects the values we honor on Labor Day.  Rewarding hard work. Giving everybody a fair shot. And working together to give all of our kids a better life”.
The president also marked the Labor Day holiday by highlighting a new jobs report that shows the unemployment rate at 5.1%, the lowest since April 2008.
“On Friday, we found out that the economy created another 173,000 jobs in August,” Obama said. “Over the past five and a half years, our businesses have created 13.1 million new jobs in total–the longest streak of job creation on record.”
In addition to deliberating over a new budget, lawmakers will debate the
Obama administration’s nuclear weapons deal with Iran after they return from recess Sept. 8.

Short URL : https://goo.gl/1tw9pT
  1. https://goo.gl/r2cKrc
  • https://goo.gl/47lty0
  • https://goo.gl/nsXPmL
  • https://goo.gl/eLnzfc
  • https://goo.gl/gT3k9h

You can also read ...

Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...
Wells Fargo Will Cut Workforce
Wells Fargo & Co said on Thursday it would reduce its...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...

Trending

Googleplus