Search form

Last updated: 6 min 32 sec ago

You are here

Business & Economy

Obama: 2013 can be year of economic growth

WASHINGTON: President Barack Obama says 2013 can be a year of solid economic growth, but only if Washington gets out of the way.
In his weekly radio and Internet address, Obama says there are signs of progress in real estate, manufacturing and job-creation.
But other signs are worrying. Unemployment ticked up from 7.8 percent in December to 7.9 percent in January. And the Commerce Department says the economy shrank at an annual rate of 0.1 percent in the final months of 2012.
Obama says the US must lower health care costs and close tax loopholes for corporations and the wealthy.
In the Republican address, Rep. Susan Brooks of Indiana says Democrats must get serious about the nation's spending problems. She's calling on Senate Democrats to pass a budget.

MORE FROM Business & Economy