The Lookout

Obama to lay out latest jobs plan in September speech

Zachary Roth
The Lookout

View photo

.

President Obama at Carnegie Mellon University's National Robotics Engineering Center in Pittsburgh, June 2011: …

President Obama will give a major speech after Labor Day that proposes new ideas for job creation, administration officials are saying.

"In early September, we will put forward proposals for jobs-creating ideas and economic growth ideas," White House Press Secretary Jay Carney said Wednesday morning on MSNBC.

Among the ideas Obama will push: tax cuts and new infrastructure spending, both designed to spur hiring. The administration has talked up both ideas in recent weeks. But whether Republicans in Congress will support the measures remains to be seen.

Obama will also propose a separate plan to cut the deficit by more than the $1.4 trillion mandate of the "super commission" created this month by Congress. That plan will be modeled in part on the "grand bargain" that the president and Speaker of the House John Boehner nearly struck in July, before Boehner rejected the deal amid dissent within his caucus.

On Monday, during a visit to Iowa, President Obama called on Congress to renew two existing measures--extended unemployment insurance, and the payroll tax cut for workers--that are set to expire at the end of the year.

Earlier this month, Carney told reporters that the administration would renew its focus on the economy, but acknowledged that "there is no magic bullet that lowers our unemployment rate to where it would be ideally."

Other popular Yahoo! News stories:

Al-Jazeera's Kabul bureau chief accused of being member of Hamas, network says
Florida couple charged for 'hoarding' 700 cats
Survey's surprising finding: tea party less popular than atheists and Muslims

View Comments (36)