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September 15, 2013

Obama to tout economic successes in a series of events this week

President Barack Obama will spend the week touting the nation's economic successes as he marks the five-year anniversay of the financial crisis, including growing the economy and creating 7.5 million private sector jobs, according to the White House.

On Monday, Obama will give a speech from the Rose Garden at the White House, alongside people who have benefited from his propsals including small business owners, construction workers, homeowners, consumers and tax cut recipients.

Later in the week, he will continue to spread his message through an inteview with the Spanish-language TV station Telemundo, a speech to the Business Rountable and a meeting with the President's Export Council. On Friday, he will visit a Ford plant in the Kansas City area.

The White House released a new report Sunday that looks at the administration’s actions to respond to the economic crisis, including trying to help the auto industry, cutting taxes for the middle-classes, putting new rules on banks and establishing consumer protections for those taking out mortgages and using credit cards.

"Thanks to the grit and resilience of the American people, we’ve cleared away the rubble from the financial crisis and begun to lay a new foundation for stronger, more durable economic growth," according to the report. "And the last thing we can afford right now is a decision from Congress to throw our economy back into crisis by refusing to pay our country's bills or shutting down the government."

Congress must work quickly by the end of the month deal to avoid a government shutdown and then pivot to raise the government’s borrowing authority by mid-October or face a damaging U.S. debt default.

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