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Obama: Economy showing signs of strength

3 years 3 months 4 weeks ago June 01, 2013 Jun 1, 2013 Saturday, June 01 2013 June 01, 2013 11:03 AM in News
By: Associated Press

WASHINGTON - President Barack Obama says the economy is showing new signs of strength. He's pointing to the auto industry, new jobs and a recovering housing market as signs of progress.

In his weekly radio and Internet address, Obama calls on Congress to do more to ensure that progress continues. He's asking lawmakers to invest in roads and bridges, pass a comprehensive immigration overhaul and let homeowners save money by refinancing at low interest rates.

Obama says there's reason to be optimistic about the country's direction, but there are more jobs to create and more kids to educate.

In the Republican address, Alaska Gov. Sean Parnell says Republican governors are balancing their budgets and should be an example for Obama. He's calling on the president to ramp up domestic energy production.

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