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President Obama Speaks on US Economy & Europe

10:40 AM ET Fri, 8 June 2012

President Obama delivers a statement on the outlook of the U.S. economy; the problems in Europe, saying "it is in everybody's interest for Greece to remain in the euro zone;" and instructs Congress to act on his jobs plan, housing legislation, and tax breaks for small business. The President answers questions from members of the press on Europe's banking problems, and layoffs in state & government jobs and the construction industry.