Categorized | National News

Pres. Obama: Uncertainty Over Debt Limit Impacts Hiring

WASHINGTON — Facing a dismal jobs report, President Barack Obama called on Congress Friday to end uncertainty over their debt standoff and pass a litany of administration-backed proposals, including a payroll tax cut extension and three free trade agreements. Pres. Obama’s top economist said implementing those policies would reduce the jobless rate a full point by the time he faces re-election in the fall of 2012.

But Republican opposition and Washington’s heated partisan atmosphere would likely make passing the full slate of administration proposals a political pipe dream.

Pres. Obama spoke from the Rose Garden shortly after the release of fresh figures that showed employers added just 18,000 jobs in June, the fewest in nine months, and the unemployment rate rose to 9.2 percent. The president said the numbers were yet another sign that a full economic recovery is still elusive.

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