Obama says administration has pulled the economy ‘back from the brink’, says more work needed

September 25th, 2009 Obama: Global economy 'back from the brink'PITTSBURGH — President Barack Obama says action by the Group of 20 nations since April has "brought the global economy back from the brink." "Financial markets have come back to life, and we stopped the crisis from spreading further to the developing world," Obama said, speaking in Pittsburgh as the G-20 Summit ended. "Still," he said, "we know there's much further to go." He said coordinated efforts have saved millions of jobs and set the world on the road to more economic accountability and less rewarding of "short-term greed." "Going forward, we cannot tolerate the same old boom-and-bust economy of the past," the president said.

September 20th, 2009 Obama: Justice OK to conduct interrogation reviewWASHINGTON — President Barack Obama says he has no plans to ask the Justice Department to end its criminal investigation into the harsh interrogations of suspected terrorists during the Bush administration. Seven former CIA directors have asked the president to do just that.

September 19th, 2009 Obama: G-20 summit should assess economic progressWASHINGTON — President Barack Obama says the world's leading economic powers have made progress in stabilizing the global financial system but much work remains to produce needed jobs and growth. "The good news is that we've made real progress since last time we met — here at home and around the world," Obama said in his weekly radio and Internet address Saturday.

September 14th, 2009 President speaks on economy in Wall St. speechWASHINGTON — President Barack Obama heads to Wall Street to make a major speech on the U.S.

September 13th, 2009 WASHINGTON — President Barack Obama plans to use the first anniversary of Lehman Brothers' collapse to talk about plans to wind down the government role in a financial sector that needed a Washington bailout last year, an administration official said Sunday. Obama's speech in New York on Monday will push Congress to take action on regulatory reform to prevent the kind of tailspin that the economy went through last year.

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.

September 1st, 2009 WASHINGTON - US President Barack Obama Tuesday said a report released showing that manufacturing is on the rise is a sign that the economy is improving. "The steps we are taking to bring our economy back from the brink are working," Obama said.

August 25th, 2009 Obama expected to renominate BernankeWASHINGTON — President Barack Obama is taking a break from his Martha's Vineyard vacation today to offer Federal Reserve Chairman Ben Bernanke another four-year-stint at running the central bank. A senior administration official says Obama plans to make the announcement Tuesday morning.

August 7th, 2009 White House calls job report good news for economyWASHINGTON — The Obama White House is applauding an encouraging jobs report as evidence the country has retreated from the brink of depression. Presidential spokesman Robert Gibbs told reporters Friday there remains plenty of work to do despite the latest government report showing that unemployment went down from 9.6 percent to 9.4 percent in July.

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 2nd, 2009 Obama: More work needed to create new jobsWASHINGTON — President Barack Obama says he's still "deeply concerned" about the continuing loss of jobs across the country. He said that developing both a short-term and longer-term solution to America's economic woes is "one of the things that I'm most focused on." Obama also told The Associated Press in an interview Thursday he feels his administration has stabilized the housing and financial markets, while he acknowledged that more work needs to be done in the area of job creation.

June 23rd, 2009 Obama: No new stimulus needed, but quicker resultsWASHINGTON — President Barack Obama says he is not ready to offer a second stimulus plan even though the economy continues to struggle. The president said Tuesday that more time is needed to assess the effectiveness of the $787 billion economic stimulus plan enacted early this year.

June 4th, 2009 WASHINGTON - Former US Vice President Dick Cheney says that former President George W. Bush did not want to be the one who "pulled the plug" on General Motors, and instead, decided to pass on that responsibility to his successor Barack Obama.

May 14th, 2009 Obama defends his stimulus packageRIO RANCHO, N.M. — President Barack Obama says if the government hadn't stepped in to help, the economy would have gone into a tailspin.

April 14th, 2009 WASHINGTON - President Barack Obama Tuesday said efforts to take the economy from 'recession to recovery' are 'starting to work', although there was more work to be done to restore growth. The steps taken to re-capitalise banks, strengthen the housing market and rescue the auto sector were 'necessary pieces of the recovery puzzle', he said in an address at Georgetown University in Washington.