Obama ventures back to hard-hit Indiana pledging grants and hope, says nation will not give upAugust 5th, 2009 Obama tells struggling nation: 'We don't give up'WAKARUSA, Ind. — Promising new jobs and money, President Barack Obama on Wednesday told a hurting Midwestern region that its recovery will be like America's: tough but certain.
Obama ventures back to hard-hit Indiana, proclaims factories 'coming back to life'August 5th, 2009 Obama says Indiana 'factories coming back to life'WAKARUSA, Ind. — Trumpeting a "made in America" message, President Barack Obama on Wednesday unveiled a national investment in electric cars as the latest effort to rebuild an economy that keeps shedding jobs.
Obama: As recession winds down, 'spirit of innovation' essential to future prosperityAugust 1st, 2009 Obama: 'Spirit of innovation' key to the futureWASHINGTON — President Barack Obama, citing fresh evidence the recession is winding down, says the country's future economic prosperity depends on building a new, stronger foundation and recapturing the "spirit of innovation."
"Innovation has been essential to our prosperity in the past, and it will be essential to our prosperity in the future," Obama said Saturday in his weekly radio and Internet address. The president cited Friday's Commerce Department report showing that in the last few months the economy overall has done "measurably better than expected." He credited his $787 billion economic stimulus program for much of that progress.
China and US officials see global economic recovery, seek continued joint effortsJuly 27th, 2009 China, US officials see global economic recoveryWASHINGTON — Top officials of the United States and China said Monday they saw hopeful signs that the global economy was beginning to move into a period of recovery. Treasury Secretary Timothy Geithner said that the joint efforts of the nations to deal with the financial crisis with large stimulus programs marked a turning point in the relationship of the two economic superpowers.
Obama says policies have created jobs, but hiring will be slow in recoveryJuly 23rd, 2009 Obama: Hiring will be among last things to improveWASHINGTON — President Barack Obama says economic steps by his administration have saved jobs and created new ones. But he says new hiring is among the last things to improve during an economic recovery.
Police officer spots naked man walking around northern Indiana cemeteryJuly 14th, 2009 Man caught in the buff at N. Indiana cemeteryELKHART, Ind.
White House: Too soon for nations to end economic stimulus effortsJuly 8th, 2009 L'AQUILA, Italy — The White House says it's not quite time for industrialized nations to pull the plug on economic stimulus efforts. Economic adviser Mike Froman said Wednesday that world leaders gathered at a G-8 summit in Italy will seek a balance between continuing to stimulate sluggish economies and looking for exit strategies.
Meridian Automotive shutting down 295-worker factory in central IndianaJuly 3rd, 2009 Auto parts maker shutting down Indiana plantSHELBYVILLE, Ind. — Meridian Automotive Systems is idling a central Indiana factory, putting 295 people out of work.
A look at the Obama administration officials on the four-day auto state tourJune 3rd, 2009 A look at the officials on a 4-day auto state tourMembers of President Barack Obama's administration are traveling to auto communities this week in Michigan, Ohio, Indiana and Wisconsin to talk about help for those areas. Here's who's coming and the states they're visiting.
Cabinet officials head to Midwest with pledges of help, though auto states see less aid so farJune 3rd, 2009 Cabinet officials head to hard-hit auto statesLANSING, Mich. — Officials in four Midwestern states badly hurt by the auto industry's woes are lining up to ask the Cabinet secretaries crisscrossing the region for a better deal when it comes to getting funds from the federal recovery act.
US to host next G-20 summit in Pittsburgh Sep 24-25May 29th, 2009 WASHINGTON - The leaders of the world's 20 biggest economies
including India will gather in Pittsburgh, an icon of America's economic
renewal, Sep 24-25 for the next G-20 summit. President Barack Obama will host leaders from 20 countries which represent
85 percent of the global economy to discuss ways of recovering from the
global economic and financial crisis, the White House announced Thursday.
Obama marks 100 days by touting steps on economyApril 29th, 2009 WASHINGTON - US President Barack Obama marked 100 days in office by citing the progress his administration has made in tackling the nation's economic problems but cautioned that more needed to be done. 'Now, after a hundred days, I am pleased with the progress we've made, but I'm not satisfied,' Obama said at a Townhall meeting Wednesday in Arnold, Missouri.
Obama sees US economy moving from recession to recoveryApril 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.
US Congress reaches deal on economic stimulusFebruary 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.
Obama warns of 'catastrophe' as stimulus debate stalls in CongressFebruary 4th, 2009 WASHINGTON - US President Barack Obama warned of an economic 'catastrophe' if lawmakers were unable to pass an unprecedented economic stimulus package and slammed Republicans for failing to recognise the outcome of the country's general election last year. 'A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession,' Obama warned Wednesday at the White House.