Obama renews pressure on Congress for minimum wage hike

President Barack Obama has said he will continue to press Congress to raise the federal minimum wage as the US rebounds from recession.

U.S. Economic Recovery Looks Distant as Growth Lingers

WASHINGTON — Recessions are always painful, but the Great Recession that ran from late 2007 to the middle of 2009 may have inflicted a new kind of pain: an era of slower growth.

US economy is growing within five years of collapse: Barack Obama

WASHINGTON: US President Barack Obama has credited the turnaround of American economy to the historic reforms in the Wall Street, put in place after the catastrophic financial crisis in 2008.

The shutdown's surprise effect on jobs numbers

WASHINGTON: The government shutdown may have affected October's jobs numbers. But not in the expected way.

The biggest US economy killer: US government

The government shutdown and debt ceiling crisis inflicted a toll on the American economy, but that cost is only a fraction of the total damage that the federal government has been causing to the American economy.

Obama digs in heels, refuses to negotiate debt ceiling

WASHINGTON (Reuters) - President Barack Obama on Monday rejected any negotiations with Republicans over raising the U.S. borrowing limit, accusing his opponents of trying to extract a ransom for not ruining the economy in the latest fiscal fight.