Economy Politics USA

Obama: Congress must restore order in finances

WASHINGTON (Reuters) – Barack Obama urges U.S. lawmakers to put some order into the finances of the United States and to put aside partisan politics, in a recorded message before the deterioration of the sovereign rating of the United States.

In the night from Friday to Saturday the White House had not yet responded to the degradation of its AA + sovereign rating by Standard & Poor’s announced on Saturday.

In his weekly broadcast on the radio, Barack Obama called on parliamentarians to respect the text adopted by Congress on raising the debt ceiling and reducing the budget deficit.

“Congress has reached an agreement that will allow us to make progress in reducing the budget deficit in our country. And through this compromise, both parties (Republicans and Democrats) will have to work together on a larger plan to restore in order the finances of our country, “said U.S. President in the minority in the House of representatives.

“The long-term health of our economy depends on it. (…) In the short term, our most urgent task must be to accelerate the growth of our economy and create jobs.”

The possible re-election of Barack Obama in 2012 would depend largely on its ability to reduce unemployment.

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