- CNTV English - CCTV News

Obama calls for extension of tax cut

12-03-2011 11:39 BJT

Watch Video

Play Video

First, some good news coming up for the troubled US economy where unemployment rate has fallen to 8.6 percent for November, the lowest in two and a half years.

The country added 120-thousand jobs during the month, and the economy has generated 100-thousand or more jobs five months in a row, the first time that’s happened since April 2006. Welcoming the news, President Barack Obama has encouraged Congress to extend a tax cut that is set to expire at the year’s end.

Barack Obama, US President, said, "We need to keep that growth going. Right now that means Congress needs to extend the payroll tax cut for working Americans for another year. Congress needs to renew unemployment insurance for Americans who are still out there pounding the pavement looking for work. Failure to take either of these steps would be a significant blow to our economy."

President Barack Obama has encouraged Congress to extend a tax cut that is set
to expire at the year’s end.



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