Skip navigation
Stimulus Video Gallery
The assumption from this deal is that the government should give away houses for free, says Richard Bove, Rochdale Secur...
Eswar Prasad, Senior Fellow & New Century Chair in International Economics, Brookings Institution talks about China's ec...
Insight on why he supports Mitt Romney, with Sam Zell, Equity Group Investments chairman.
Bill Smead, CEO & CIO, Smead Capital Management, explains why a hard landing needs to take place in China in order for c...
Matthew Circosta, Economist, Moody's Analytics says the RBA will cut rates on Tuesday due to the softness in the Austral...


Current DateTime: 01:01:40 11 Feb 2012
LinksList Documentid: 24355697
  • The World's Best Beers

      Craft brewers account for only about five percent of the US market, but that may be changing.

  • Fashion Stocks Traders Love

      Over the past couple of months, the “Fast Money” traders weighed in on companies that stood out.

  • Best in Show

      Who is the top dog at the Westminster Kennel Club Dog Show


Current DateTime: 01:01:40 11 Feb 2012
LinksList Documentid: 23452764
Expiration DateTime: 2/11/2012 1:03:24 AM

MOST SHARED


Current DateTime: 01:01:43 11 Feb 2012
LinksList Documentid: 31330905
Expiration DateTime: 2/11/2012 1:03:45 AM

MOST POPULAR


Current DateTime: 01:01:43 11 Feb 2012
LinksList Documentid: 35819650
    • Road Warriors

        All the gadgets and gear a savvy frequent traveler needs to navigate the global economy.

HOT ON FACEBOOK

By: AP | 06 Feb 2009 | 02:46 PM ET
Text Size

President Barack Obama plans to participate in town hall-style meetings next week in two cities that have struggled amid the crumbling economy.

White House spokesman Robert Gibbs on Friday said Obama plans to visit Elkhart, Ind., on Monday to tell residents what his $900 billion stimulus plan would mean for them.
Barack Obama
AP

The president also plans a Tuesday trip to Fort Myers, Fla., to try to sell his economic recovery plan, which is being delayed in Congress as lawmakers argue about its price and its priorities.

Indiana's Elkhart-Goshen region saw its unemployment rate soar to 15.3 percent in December. In Florida's Fort Myers, unemployment has climbed to 10 percent.

Obama's 'road trips' comes after he stepped up his criticism of Republican lawmakers Friday for delaying passage of the stimulus bill.

He dismissed at least one complaint about the bill. "So then you get the argument, well, 'this is not a stimulus bill, this is a spending bill.' What do you think a stimulus is? That's the whole point," he said to laughter from House Democrats at a political retreat in Williamsburg, Va.

A group of nearly 20 moderates from both parties—more Democrats than Republicans—have been negotiating in hopes of cutting as much as $100 billion from Obama's plan, which has ballooned to $937 billion on the Senate floor, with further add-ons possible during a long day of votes Friday.

Their efforts came as new government figures showed recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974. The unemployment rate rose to 7.6 percent.

Obama said he hoped Congress members would react to "the single worst month of job loss in 35 years." "I hope they share my sense of urgency and draw the same unmistakable conclusion: The situation could not be more serious," Obama said Friday.

He acknowledged the $900-billion-plus plan was not perfect and pledged to work with lawmakers to refine the measure, which he called "absolutely necessary." "But broadly speaking, the package is the right size," Obama said.

© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tools:
Add This share icon


Current DateTime: 09:37:11 10 Feb 2012
LinksList Documentid: 29778428

Current DateTime: 02:33:42 10 Feb 2012
LinksList Documentid: 29779196

Current DateTime: 11:35:14 10 Feb 2012
LinksList Documentid: 29779197

Current DateTime: 02:56:31 10 Feb 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters