Don't miss the inspiring speeches at The Jerusalem Post Conference
US President Obama to make statement on economy Friday
ByREUTERS
November 9, 2012 01:28

WASHINGTON - Newly re-elected US President Barack Obama will make a statement on the economy on Friday, the White House said.

The president is likely to discuss looming tax increases and government spending cuts -- the so-called fiscal cliff -- that would go into effect unless Congress acts to prevent them. He is due to make the statement from the East Room of the White House.



Obama, who defeated Republican challenger Mitt Romney on Tuesday in a race in which strengthening a sluggish economy was a major theme, is not expected to put forward a new or specific plan.

Instead, he is more likely to urge Congress to tackle pressing issues.

Share this article via
from around the web
Related Content
Breaking news
March 28, 2017
White House backs repeal of broadband privacy rules

By REUTERS

Top Stories
Israel Weather
  • 11 - 24
    Beer Sheva
    12 - 20
    Tel Aviv - Yafo
  • 11 - 19
    Jerusalem
    11 - 20
    Haifa
  • 17 - 30
    Elat
    13 - 24
    Tiberias