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.
A special National Investigation Agency (NIA) court in New Delhi granted bail to suspected Hizbul terrorist Liaqat Shah, who was arrested by the Delhi Police for allegedly conspiring to carry out terror attacks in the national capital.
Date 16-05-13, Duration 1:12, Views 68