Saudi Arabia expected to see increased rainfall next week, says NCM    Ministry of Hajj and Umrah honors "Mutawifs of Arab Countries" with 5 awards and recognitions at Hajj Services Conference & Exhibition    Saudi health minister concludes official visit to Sweden to expand cooperation    Saudi Arabia to open Red Sea Museum in Historic Jeddah on December 6    Ukraine's president receives draft peace plan from US    UN atomic agency votes to urge Iran to provide information about nuclear material    Israel's forced expulsion of Palestinians from refugee camps amounts to war crimes: HRW    Israeli settlers torch scrapyard in West Bank arson attack    3 expats arrested for selling counterfeit smartphones    Mexico's Fatima Bosch, who walked out on organisers, crowned Miss Universe    Philippines rallies behind Ahtisa Manalo ahead of Miss Universe finale    Saudi Aramco announces 17 deals worth over $30 billion with U.S. firms at Saudi-U.S. Investment Forum    Rikaz partners with PLP Architecture to launch a luxury tower combining premium hospitality and high-end residential living in Al Khobar    Saudi Defense Ministry signs eight MoUs with US companies    stc group partners with ROSHN Group to develop a neutral-host infrastructure for SEDRA communities    Daniel Radcliffe wrote supportive letter to new Potter cast    UK to ban reselling event tickets for profit    From accidental athlete to Olympian: Rakan Alireza's unlikely road to the Winter Games    Riyadh Season 2025 draws 1 million visitors in 13 days    Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Bush pressures Senate for US economic stimulus deal and calls jobs report "troubling"
Published in Saudi Press Agency on 01 - 02 - 2008


President George W. Bush
prodded Congress to pass an economic stimulus package
Friday, pointing to a new «troubling» job report that
ended a 52-month streak of national job growth, according to The Associated Press.
Bush was in the country's heartland pressuring Congress to
boost the sagging economy with a plan of tax rebates for
millions of people and tax breaks for companies. The White
House-backed economic rescue deal in the House of
Representatives has hit roadblocks in the Senate.
«Inflation's low. Productivity's high, but there are
certainly some troubling signs, serious signs that the
economy is weakening and that we've got to do something
about it,» said Bush, who spoke just hours after the Labor
Department reported that employers cut 17,000 jobs in
January.
It was the first such reduction in more than four years
and a fresh sign that the economy might be stalling. And it
ended Bush's repeated claim that «America has added jobs
for a record 52 straight months.»
«A serious matter is that for the first time in 52 months
we didn't create jobs,» Bush said at Hallmark Cards Inc.
«And so the question is, what do we do about it? ... I do
think government has a responsibility. I think government
can take decisive action to help us deal with this period
of uncertainty.»
«I believe we can get this package done. I know it has to
be done quickly,» he said. «I appreciate the fact that
the Senate is trying to work though this as quickly as
possible. I'm just urging them to get it done _ because the
sooner this package makes it to my desk ... the better off
our economy is going to be.»
The top Democrat in the Senate, Harry Reid, said the
troubling jobs report «is yet more evidence that President
Bush's assessment of the state of our economy is greatly
misguided.»


Clic here to read the story from its source.