Obama: Budget Cuts Will Suramkan Economy

Monexnews-President Barack Obama says that budget cuts are automatically regulated starting today will make the economy "runs slow" and it may take a few weeks to find more than enough lawmakers from both parties to reach an agreement on the replacement plan cuts deficit. Obama, after meeting with Congressional leaders at the White House, said that an agreement will be reached after members of Congress hear from voters who feel the "pinch" from cutting back on government programs.

(fsyl)

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Obama Insisted On Trimming Spending On Hold

Monexnews-U.s. President Barack Obama on Tuesday again insisted that the "balanced approach" over trimming spending and tax increases that he offer is the best way to avoid pruning automatic shopping provider will come into force on 1 March.

In a brief speech at the White House, Obama also urged Republicans to reduce their opposition to the discourse of tax increases. "My door is still open for talks," said Obama.

Trimming the shopping that automatically took effect at the beginning of next month would push State spending about $ 1.2 trillion over the next decade and cut the Government budget by as much as $ 85 billion during the next seven months.

The Republican party has so far refused to include any tax increase discourse into trimming the shopping program. Some analysts estimate that if negotiations between Obama's budget deadlock and members of Congress the Republicans appear to have would be solved, at least until the beginning of March. (vid)

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Obama Press Congress To Prevent Automatic Budget Cuts

Monexnews-President Barack Obama increased the pressure on Congress to prevent budget cuts of $ 1.2 billion that is set is valid from March 1, he said that the budget cuts would harm the economy and reduce vital services.

Obama said that if budget cuts force, then the u.s. will lose hundreds of thousands of jobs, destruction of military preparedness, and aid to local governments and the State will shrink as well as the ability of the Government in responding to natural disasters or other emergencies will be reduced.

If lawmakers do not approve to replace budget cuts in all government agencies, Congress "at least" should have passed a small package while who could provide more time for negotiations, Obama said in Washington.

"There should be no budget cuts want to happen," he added.

(fsyl)

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Obama Promised To Encourage The Recovery Of The Manufacturing Sector

Monexnews-U.s. President Barack Obama on Wednesday expressed its commitment to the barrier in order to encourage memupus all the manufacturing sector's recovery.

"I believe if the manufacturing sector will make the country stronger," said Obama, in a speech at the automotive manufacturer factory Canada, Linamar Corp., in Ashville, North Carolina. In the event that a series of Presidential visits to U.S. States, Obama also proposes several steps to prop up the manufacturing sector, including lower tax rates for manufacturers and increased tax credits for research and development.

While the White House Economic Adviser, Gene Sperling, told reporters that the study showed that the manufacturing sector has been gaining a strong punch, while the presence of the plant not only jobs but also open airy encourage more economic activity in the surrounding environment. Sperling also said if the momentum of revival began to appear, which is reflected by the growing number of companies that set up their factories in the United States. (vid)

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