Obama to Mark 5-year Anniversary of US Financial Crisis

Saturday, 14 Sep 2013 04:10 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama will mark the five-year anniversary of the U.S. financial crisis on Monday in an effort to move back to his domestic agenda after weeks of dealing with Syria.

When Wall Street came to a near collapse in 2008, the resulting economic crisis helped propel then-Democratic presidential nominee Obama to the White House.

But the economy's slow recovery from the recession has been a difficult challenge for Obama, who in recent weeks has been focused largely on foreign policy in trying to mount an international response to a chemical weapons attack in Syria.

A White House official said Obama will deliver remarks in the White House Rose Garden on Monday to mark the fifth anniversary of the financial crisis, which was accelerated on September 15, 2008 when the Lehman Brothers firm filed for bankruptcy protection.

The Democratic president will focus on the positive, discussing progress made and highlighting his prescriptions for boosting job creation amid budget battles expected with Republicans in Congress in the weeks ahead.

He is also expected to urge his Republican opponents in Congress not to threaten to shut down the government over the budget and to support raising the debt limit. Without new spending authority, most U.S. government agencies would have to close their doors on October 1 in a replay of politically painful shutdowns during the mid-1990s.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Advocates Seek to End Tennessee's Appeal as 'Abortion Destination'

Saturday, 25 Oct 2014 11:20 AM

Anti-abortion advocates are trying to change laws in Tennessee, which they deride as being the abortion destination of . . .

Texas Candidate in GOP Address: Time To Clean Up Washington

Saturday, 25 Oct 2014 09:37 AM

The United States needs new energy to stay strong, and the government needs to clean up the mess of debt and waste mov . . .

Putin Accuses US of Blackmail, Warns World Order May Collapse

Saturday, 25 Oct 2014 09:04 AM

Vladimir Putin accused the U.S. of behaving like Big Brother and blackmailing world leaders, warning there was no guar . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved