President Barack Obama began an uphill battle on Friday for support for a USD 447 billion jobs plan he hopes will rescue a faltering US economy and his own re-election prospects.
US President Barack Obama announced a USD 447 billion jobs plan last night, aimed at giving a leg-up to the US economy. In the commodity space, gold continues to rise on safe haven buying. But, post the jobs speech, equity markets are expected to move up, which may soften gold's rally.
President Barack Obama said on Thursday the United States faces a "national crisis" and pressed Congress to urgently pass a jobs package of tax cuts and government spending he is proposing to revive the stalled economy.
US stocks edged higher in choppy trade on Thursday, led by gains in the technology sector ahead of a speech by US President Barack Obama laying out a major jobs package.
US President Barack Obama is finalizing a jobs package that could include a program to refurbish school buildings nationwide and tax breaks to encourage firms to hire workers.