Voice of America: Obama to Make Statement on US Economy

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Obama to Make Statement on US Economy Nov 9th 2012, 11:04 U.S. President Barack Obama is expected to make a statement on the U.S. economy Friday, as a January 1 "fiscal cliff" looms that would institute automatic deep spending cuts and tax hikes. The president is expected to urge members of Congress to arrive at a budget plan before the deadline. Experts fear the cuts could send the economy back into recession. President Obama, who won re-election this week, has supported tax increases for Americans making more than $250,000 a year. Many ... Media files: 811E8E77-CAD2-4EE5-8CD4-FF0C14BC9877_cx0_cy12_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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