He’s staying on the offense, accusing Republicans of dragging their feet in Congress just as the economy needs another boost. The president said he hopes his new small-business jobs bill will pass as soon as next week.
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Speaking at a White House press conference, President Obama named Austan Goolsbee as his new top economic adviser. He has a “deep appreciation of how the economy affects everyday people,” Obama said.
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The Bank of England kept it benchmark rate at a record low 0.5% and maintained its bond purchase program at £200 billion ($309 billion).
The bank, which sets monetary policy for the United Kingdom, has kept rates low to stimulate the recovery i…
Discussing his new economic stimulus program in Ohio, President Barack Obama regained his political swagger and ramped up his criticism of Republican leaders for failing to provide substantive policies that can help the nation’…
Speaking in Cleveland, President Obama laid out the details of his plan to boost the economic recovery: $50 billion for infrastructure spending; a $100 billion R&D tax credit; and $200 billion to induce U.S. companies to make c…