President: Escaping Recession Will Take Considerable Time

By: Associated Press Email
By: Associated Press Email

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June 8, 2009

President Barack Obama says the United States
remains in a deep recession that will take considerable time to
escape.

Obama met at the White House with his top administration
officials on Monday to hear an update on his $787 billion spending
plan. Obama says he is not satisfied with progress and told his
Cabinet that administration leaders need to push ahead.

He said he wants to speed up the flow of stimulus money to help
stem high unemployment. Obama also said he wants small business
owners to see new customers, and that families need to be able to
pay bills and young people find jobs.

Vice President Joe Biden said that federal spending is on pace
to add 600,000 jobs this summer and the country will be on the road
to recovery by autumn.


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