CCTV.com - CNTV English - CCTV News

Obama looks to boost economy

08-31-2010 09:53 BJT

Watch Video

Play Video

US President Barack Obama says his economic team has discussed additional steps to get the economy moving, and he's again urging Congress, to pass a bill that aims to boost credit supply to small businesses and spur jobs growth.

In a brief statement at the White House, Obama, who is facing low approval ratings on the economy, said he and his team are working hard to find new ways to promote economic growth and create jobs, and increase the competitiveness of the US economy in the long term.

Barack Obama, US President, said, "Steps like extending tax cuts for the middle class that are set to expire this year, redoubling our investment in clean energy and rebuilding more of our infrastructure for the future and further tax cuts that encourage businesses to put their capital to work creating jobs here in the United States."

Obama also called on Senate Republicans to stop blocking the small business jobs bill. The legislation provides thirty billion dollars to small banks and aims to boost lending to small businesses. It also contains tax cuts and an exemption from capital gains taxes for small businesses that qualify.

Obama is under strong election-year pressure to increase job growth after an 814 billion US dollar stimulus plan he and his Democrats pushed through Congress in February 2009 has made no appreciable reduction in the jobless rate.

 

Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program