Obama to begin new series of economic addresses

Published on NewsOK Modified: July 22, 2013 at 2:19 am •  Published: July 22, 2013
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Obama's agenda still faces stiff opposition in the House, where Republicans have a majority. On immigration, for example, Speaker John Boehner has said the House will not pass the Senate bill and, instead, intends to deal with the issue on a piecemeal basis.

Obama is pushing to end the federal budget cuts that kicked in this year so they don't extend into the next fiscal year. That could create a showdown with congressional Republicans in September, as the end of the current fiscal year approaches. Some Republicans also want more deficit reduction as a price for raising the debt ceiling, a bargain Obama says he will not make.

Republicans are fundamentally opposed to Obama's mix of budget cuts and tax increases. It wasn't until after last year's election that Republicans agreed to increase taxes for the wealthiest Americans in a deal that kept taxes for most Americans at rates set during the administration of President George W. Bush.

Appearing on CBS' "Face the Nation" Sunday, Boehner said the way to get the economy moving again is by stopping unnecessary regulations and bringing the federal deficit under control.

Describing "this new normal of slow economic growth, no increase in jobs that are available, wages are being basically frozen," Boehner said: "We're squeezing the middle class. And I would argue the president's policies are getting in the way of the economy growing, whether it's Obamacare, whether it's all these needless regulations that are coming out of the government."

Obama has some wind at his back as the economy continues its recovery from the recession that began during the Bush administration. Housing is coming back, the stock market is on an upswing and consumer confidence is generally higher. But unemployment, while down from a peak of 10 percent in 2009, remains high at 7.6 percent and economic growth remains modest.

Pfeiffer said Obama will unveil some new ideas, outline steps Congress can take and identify measures he can initiate on his own.

"He'll talk about the progress we've made together, the challenges that remain and the path forward," Pfeiffer said.



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