End of US recession in sight: Obama

October 2nd, 2009 Obama: New jobless number a sobering reminderWASHINGTON — President Barack Obama is calling the latest jobless figures a sobering reminder that progress to reverse the recession comes in fits and starts. He says the new unemployment numbers also serve as a reminder that the country needs to "grind out this recovery step by step." Obama made the comments after the Labor Department reported that the unemployment rate rose to 9.8 percent in September as employers cut more jobs than expected.

September 20th, 2009 Obama not yet prepared to declare recession overWASHINGTON — President Barack Obama isn't ready to close the book on the recession. Only last week Federal Reserve Chairman Ben Bernanke said the worst recession since the 1930s was probably over.

September 9th, 2009 WASHINGTON - The US economy has stepped back from its worst recession in seven decades and is on the road to recovery, President Barack Obama said in a rare address to Congress Wednesday night. In a speech before both houses of Congress that was largely devoted to health care, Obama took credit for pulling the world's largest economy out of a deep crisis but warned there was more pain to come.

July 31st, 2009 Obama credits stimulus for economy's progressWASHINGTON — President Barack Obama says the $787 billion economic stimulus program he enacted within weeks of taking office is helping the economy begin to pull itself out of the recession. The Commerce Department reported Friday that the economy contracted at a pace of just 1 percent in the second quarter.

July 23rd, 2009 WASHINGTON - US President Barack Obama has said the country's struggling economy is on its way to recovery, but warned that the job market will be the last thing to return to normal. In an evening press conference at the White House Wednesday, Obama defended his own prescriptions for nursing the economy back to health and urged the US public to give his plans more time to work.

July 21st, 2009 First daughters check out parents done in waxWASHINGTON — The sight of their parents done up in wax at Madame Tussauds museum in Washington sent Sasha and Malia Obama giggling. Museum officials say the first daughters commented that it would be "hilarious" if they took photos with the figures of President Barack Obama and first lady Michelle Obama.

July 3rd, 2009 WASHINGTON - The US economy shed a surprising 467,000 jobs in June and the jobless rate climbed to 9.5 percent, in what President Barack Obama called a "sobering" sign that the country's deep recession is far from over. The Labour Department's report sent US stocks plummeting more than 2 percent.

April 30th, 2009 LAHORE - The Pakistan Government has issued shoot-on-sight orders for 'miscreants' in Karachi to counter the deteriorating law and order situation in the city. State Minister for Ports and Shipping Nabeel Gabol said certain elements were trying to create trouble in the region by fanning ethnic tension.

April 30th, 2009 Obama hails passage of $3.4 trillion budgetWASHINGTON — President Barack Obama says the $3.4 trillion budget that Congress wrapped up builds on the steps he's taken to move the economy from recession to recovery and eventually prosperity. Shortly after the Senate voted to pass the measure Wednesday, Obama said the budget builds what he's done in his first 100 days.

April 23rd, 2009 Report: Recession hurts state budgetsNEW YORK — The national economic recession has hammered state budgets nationwide, with at least 43 states projecting deficits totaling more than $121 billion next year, a new report found. The survey released Tuesday by the National Conference of State Legislatures also found two-thirds of states expect budget deficits in 2011, forcing lawmakers to find further savings on top of deep cuts they've already made to education, health care, corrections and other programs.

April 14th, 2009 WASHINGTON - US President Barack Obama Tuesday said the government's efforts to pull the economy out of a devastating recession were beginning to show signs of progress. 'By no means are we out of the woods just yet.

March 24th, 2009 WASHINGTON - US President Barack Obama took his economic prescriptions to a global and domestic audience Tuesday, calling for a broader and urgent global response to the world's worst economic crisis in a generation. Writing in 31 newspapers around the globe, Obama warned that it was up to world leaders holding an emergency summit in London next week to come up with a comprehensive solution to the global recession.

March 4th, 2009 THIRUVANANTHAPURAM - Light Logics Holography and Optics Ltd, a Technopark-based company, Tuesday said it has developed a professional grade holographic weapon sight device that will facilitate sharp and easy aiming of weapons. Light Logics chief executive Ajith Kumar said the production of professional grade holographic weapon sight elements was 'a great step forward and a scientific development of national importance'.

February 11th, 2009 WASHINGTON - US lawmakers reached a compromise deal Wednesday on a record economic recovery package, which could allow the plan to pass both houses of Congress before the end of the week. The Senate and House of Representatives ironed out differences in separate versions of the stimulus bill and knocked the total price tag down to $789 billion, including a mixture of tax cuts and government spending projects to pull the US out of its worst recession in decades.

January 7th, 2009 WASHINGTON - US president-elect Barack Obama Thursday unveiled details of his economic stimulus plan aimed at lifting the US economy out of a deepening recession, and urged the Congress to approve the plan as soon as possible.