Thursday, August 11, 2011

Obama vows new growth proposals 'week by week'

President Barack Obama vowed to put out new proposals "week by week" for boosting economic growth and job creation and said Congress needs to complete work on a deficit-reduction plan.

But Obama, speaking to workers at a battery plant in Michigan, said the country's financial house must be put in order in a responsible way. "Not just with more cuts would weaken the economy more than it already is, and we've already cut a trillion dollars in what's called discretionary spending," he said.