The Obama administration said on Monday that it would bypass the obstruction from an uncooperative Congress to take steps to jumpstart the weak economy, after the administration's recent jobs plan met strong obstruction from Republican rivals. "As we've seen now twice, Republicans have in lockstep voted no to jobs bill that most recently would have put up to 400,000 teachers and firefighters and police back to work. Previous to that, they voted no in unison, 100 percent, against the full American jobs bill," the White House spokesman Jay Carney said. Carney cited independent economists' views to stress that the jobs plan could help create up to 1.9 million job opportunities and grow the economy by up to 2 percent. Facing a sluggish economic growth and stubbornly high unemployment rate, U.S. President Barack Obama unveiled the jobs plan on Sept. 8, including measures like payroll tax cuts for employers and employees as well as new investment in infrastructure projects. However, Republican Senators scuttled the jobs package on Oct. 11, and a portion of the bill that provided 35 billion U.S. dollars to state and local governments to prevent layoffs of teachers, police officers and firefighters failed to advance in the Senate on Oct. 20. Carney noted that the administration would unveil a series of executive branch moves including helping more distressed homeowners refinance their loans, a key step to stabilize the sagging property sector.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor