- Special Sections
- Public Notices
WASHINGTON (AP) — Seeking to jolt the economy, President Barack Obama will propose new ideas to create jobs and help the struggling poor and middle class in a major speech after Labor Day. And then he will try to seize political advantage by spending the fall pressuring Congress to act on his plan.
Obama's plan is likely to contain a mix of tax cuts, jobs-boosting construction projects and steps to help the long-term unemployed, a senior administration official told The Associated Press. The official emphasized that Obama's proposals would be fresh ones, not a rehash of plans he has pitched for many weeks and still supports, like his idea of an "infrastructure bank" to finance construction jobs.
On a related front, Obama will also present a specific plan to cut the staggering national debt and to pay for the cost of his new short-term economic ideas. It will challenge the new "supercommittee" of Congress to go beyond its goal of finding $1.5 trillion in deficit reduction.
Obama's major economic speech will come right after the Sept. 5 Labor Day holiday. Republicans were underwhelmed.
If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.
If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.