Obama to address economy, Afghanistan in speech

By REUTERS
August 8, 2011 18:42

WASHINGTON - US President Barack Obama will address the economy and the situation in Afghanistan in a statement he will deliver later on Monday, a White House official said.

Obama's televised remarks, scheduled for 1 p.m. EDT (1700 GMT) at the White House, will be his first chance to possibly comment on Standard & Poor's decision on Friday to downgrade the United States' top-tier AAA credit rating. The decision sent stocks tumbling on US and global exchanges.


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