Obama to mark 5-year anniversary of U.S. financial crisis

WASHINGTON Sat Sep 14, 2013 2:57pm EDT

U.S. President Barack Obama speaks during a cabinet meeting in the West Wing of the White House in Washington, September 12, 2013. REUTERS/Jason Reed

U.S. President Barack Obama speaks during a cabinet meeting in the West Wing of the White House in Washington, September 12, 2013.

Credit: Reuters/Jason Reed

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WASHINGTON (Reuters) - President Barack Obama will mark the five-year anniversary of the U.S. financial crisis on Monday in an effort to move back to his domestic agenda after weeks of dealing with Syria.

When Wall Street came to a near collapse in 2008, the resulting economic crisis helped propel then-Democratic presidential nominee Obama to the White House.

But the economy's slow recovery from the recession has been a difficult challenge for Obama, who in recent weeks has been focused largely on foreign policy in trying to mount an international response to a chemical weapons attack in Syria.

A White House official said Obama will deliver remarks in the White House Rose Garden on Monday to mark the fifth anniversary of the financial crisis, which was accelerated on September 15, 2008 when the Lehman Brothers firm filed for bankruptcy protection.

The Democratic president will focus on the positive, discussing progress made and highlighting his prescriptions for boosting job creation amid budget battles expected with Republicans in Congress in the weeks ahead.

He is also expected to urge his Republican opponents in Congress not to threaten to shut down the government over the budget and to support raising the debt limit. Without new spending authority, most U.S. government agencies would have to close their doors on October 1 in a replay of politically painful shutdowns during the mid-1990s.

(Reporting By Steve Holland; Editing by Doina Chiacu)

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Comments (21)
Lemming wrote:
It doesn’t matter who is running our country because the damage is already done. Our government is an incurable cancer and will eventually become too much weight for Americans to support. In addition “freedom” will continually be under attack in the name of security. Americans will be shackled in debt, inflation and those who are war profiteers a.k.a Global Bankster Gangsters will continue to reward themselves at our expense. (my two coppers)

Sep 14, 2013 3:11pm EDT  --  Report as abuse
Wana-B wrote:
uck him …..

Sep 14, 2013 3:12pm EDT  --  Report as abuse
Wana-B wrote:
“NO” comments???

Sep 14, 2013 3:15pm EDT  --  Report as abuse
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