European situation threat to US economic recovery: Obama
Speaking during a press conference, Obama said the European leaders should take further action to strengthen the weak banking sector and soothe market jitters, Xinhua reported.
US lawmakers should pass the full American Jobs Act presented by the administration to Congress last September to spur job creation in the US and guard against economic slowdown risks in other parts of the world, he said.
The conference came following a weak job report and a string of other economic data showing US economic growth was slowing and the impacts of the escalating eurozone debt crisis had reached US shores, putting pressure on US policy markers to take action.
After BJP swept the Rajasthan Assembly polls, BJP's State CM candidate Vasundhara Raje said that the party will work for the development of the State unlike Congress who had deteriorated the State with its bad governance and corruption.
Date 07-12-13, Duration 2:52, Views 28