Obama faces tight restraints in crafting job plans
President Barack Obama is preparing a September jobs package to crank up employment but is hamstrung by budget cuts and a tight debt ceiling.
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Obama says he inherited US economic problems
US President Barack Obama said on Monday he inherited many of the country's problems with high debt and deficits when he entered the White House.
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Standard & Poor's downgrades US credit rating
Credit rating agency Standard & Poor's on Friday downgraded the US credit rating for the first time since 1917.
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