Tag Archives: American Economy

The government deficit has ballooned to an all-time, eye-popping high: $14 trillion. And what does the frightful milestone mean for the average American? A whopping historical record $45,300 for each person. While the government spending debate has been going on for decades, the upcoming one will center around whether or not Congress will lift the legal debt limit or rework ... Read More »

Progress in pulling the American economy out of recession has been “painfully slow”, US President Barack Obama has said. “The hole the recession left was huge and progress has been painfully slow,” he told a White House news conference. Mr Obama has made three speeches on the economy this week, as it looms as the major issue for the US ... Read More »

The most promised move by American President Barack Obama in his election campaign is about to be implemented. President Obama promised to create job oppurtunities for American citizen within 2 years. Seeing American economy growth as top priority, he quoted of implementing tax to the companies that provide outsourcing to countries like India,china,etc., Obama announced that it is an end ... Read More »