Daily Journal masthead

Obama cites strong economic quarter, calls on Congress to pass budget without drama

bug
Share/Save/Bookmark

WASHINGTON — President Barack Obama is highlighting good economic news during a period of wildly erratic stock markets to make the case the United States remains an anchor of global strength.

Obama is in New Orleans to underscore progress since Hurricane Katrina. He used the moment Thursday to note the U.S. economy staged a far bigger rebound last quarter than first thought, growing at an annual rate of 3.7 percent.

He is also using the economic news to call on Congress to protect the momentum by passing a budget for the next fiscal year before Sept. 30.

Obama is warning lawmakers not to keep the economy hostage over what he describes as ideological demands. He also says Congress will eventually pass the budget, so "let's just do it without too much drama."

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.