- Al Qaeda nets $125M from ransom payoffs from Europe since 2008
- Ohio Gov. John Kasich cruising to re-election: survey
- Landslide hits Indian village; 150 may be trapped
- Albania bank loses $7M in theft; police arrest 2
- Gov. Mike Pence irked as Obama sends illegals to Indiana on sly
- Israel, White House say Obama phone call to demand cease-fire was fake
- Nancy Pelosi: Deporting kids un-Christian, sends them ‘into a burning building’
- Islamist militants seize special forces base in Benghazi, Libya
- Feds sue Pennsylvania State Police over women’s fitness tests
- Israel accused of striking U.N. school, killing at least 15
Obama says economic progress ‘painfully slow’
Question of the Day
WASHINGTON (AP) — President Obama insisted Friday that the U.S. economy is showing improvement from the deepest recession in decades but conceded the "progress has been painfully slow." He said he understands that many voters in November's elections may blame the weak recovery on him.
"For all the progress we've made, we're not there yet. And that means people are frustrated and why people are angry," he said at the White House in his first formal news conference since May. "Because I am president, and the Democrats have control the House and Senate, it's understandable that people are saying, 'What have you done?'"
Mr. Obama repeated his insistence that Republicans drop stalling tactics on a bill to help small businesses when Congress returns next week from its summer recess.
Facing the possibility of a GOP blowout in November, Mr. Obama insisted again that Bush-era tax cuts be extended for indivuduals earning over $200,000 a year and joint filers earning over $250,000. All the tax cuts are due to expire at the end of this year unless Congress acts.
Mr. Obama said Congress shouldn't delay extending the middle-class tax cuts any longer.
"Why hold it up? Why hold the middle class hostage," he said.
He said extending tax cuts for the wealthiest Americans "is a bad idea."
TWT Video Picks
- Patent workers paid to exercise, shop, do chores: report
- Boehner rules out impeachment: 'Scam started by Democrats'
- CARSON: Rudderless U.S. foreign policy
- Obama thanks Muslims for 'building the very fabric of our nation'
- Smugglers, rainstorm combine to poke holes in border fence
- Obama mum on where illegal immigrant children are sheltered
- CARSON: Costco and the perils of politicizing business
- Federal judge grants 90-day stay in D.C. gun case
- Kerry's credibility questioned as fighting in Gaza rages
- Fla. mom arrested for allowing 7-year-old son to walk to park alone
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world