Monday 20 November 2017

Get working: Obama to launch €300bn job creation plan

US President Barack Obama will outline plans for a $300bn job-creation booster during in an address to a joint session of Congress tomorrow night.

CNN has reported that the increase in spending to be announced in the televised speech would be offset by budget cuts, which it is hoped would win the approval of Republicans.

The White House has not commented on the report but officials said the proposals would have a "quick and positive" impact on boosting jobs at a time of high unemployment.

"We need to do things that will have a direct impact in the short-term to grow the economy and create jobs, and the president will put forward proposals that will do just that," White House spokesman Jay Carney said.

But Republicans have criticised Mr Obama for not including them in discussions on the package before his big speech.

And they have indicated any jobs bills could face tough passage through Congress, where they control the House of Representatives.

"I have no doubt the president will propose many things on Thursday that, when looked at individually, sound pretty good, or that he'll call them all bipartisan. I'm equally certain that, taken as whole, they'll represent more of the same failed approach," said the top Senate Republican, Mitch McConnell.

Republican House leaders separately wrote to Obama urging him to repeal "excessive, job-destroying regulations" and laying out possible areas of common ground, including reforms to the unemployment system and free-trade agreements.

Unemployment has remained stubbornly high and is stunting the US economic recovery.

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