Barack Obama, Economy | featured news

President Obama is cautioning job creation could move slowly as the nation recovers from an economic recession. He told CNN's "State of the Union" signs point to recovery, although creation of enough new jobs could be delayed until next year.

The unrelenting global troubles confronting Barack Obama are about to converge on him all at once, providing a stern test of leadership for a first-year president who has pledged to "change the world."

President Obama said in his weekly radio address that the world’s leading economic powers had progressed in stabilizing the financial system but that work remained.

Pedal to the metal, Congress sent President Barack Obama legislation Thursday night with an additional $2 billion for "cash for clunkers," the economy-boosting rebate program that caught the fancy of car buyers and instantly increased sales for an auto industry long mired in recession.

A White House spokesman said Wednesday that the United States has avoided falling off an economic cliff, citing as evidence a new report showing factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign that the ailing manufacturing sector is recovering.

U.S. and Chinese officials began grappling on Monday with how and when to withdraw the huge economic stimulus spending each has applied and to put in place measures to promote steadier long-term growth.

President Barack Obama said on Wednesday he realized Americans were skeptical about his healthcare overhaul, but that the country's economic recovery depended on the success of the $1 trillion plan.

Washington Post-ABC News Poll | Public view of president slips on key issues, such as health-care reform, economy and federal budget deficit.

Community colleges are only two-year institutions, but the Obama administration says they could play a key role in helping boost the ailing economy for years to come.

Governor blasts administration's cap-and-trade plan, saying it 'would inflict permanent damage' to economy