Economy, November Elections | featured news

President Barack Obama is acknowleding in the wake of this week's election rout that he hasn't been able to successfully promote his economic-rescue message to anxious Americans.

President Barack Obama said Tuesday's elections, in which Republicans won control of the House of Representatives and gained seats in the Senate, signaled that Americans were frustrated with the pace of economic recovery.

President Barack Obama will aim his economic message at women voters as he campaigns on the West Coast for two female candidates crucial to Democrats' chances of keeping their fragile majority in the U.S. Senate.

Congressional lawmakers scramble to come up with quick fix to the foreclosure fiasco that has threatened the economic recovery and thrown a monkey wrench into their re-election campaigns.Up to 40 States Plan Foreclosure Data Inquiry

A Republican majority would threaten policies to stabilize the economy, the president says during a radio interview, part of an effort to rally key Democratic constituencies. A Republican majority in Congress would mean "hand-to-hand combat" on Capitol Hill for the next two years, threatening policies Democrats have enacted to stabilize the economy, President Obama warned Thursday.

The measure's passage ends months of partisan delay. The wait for action was agonizing for small-business owners, many of whom have been seeking loans for months in the tight credit market. Ending months of partisan delay, the House gave final passage Thursday to a small-business tax and lending assistance bill, handing Democrats a legislative victory on the economic issues central to the midterm elections.

A majority of Americans believes President Barack Obama has neglected job creation and economic fears are weighing heavily on Democrats ahead of November 2 elections, a Reuters-Ipsos poll found on Tuesday.