Obama Plans Major Speech on the Economy

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Obama Plans Major Speech on the Economy
President Obama "will give a major speech in early September to unveil new ideas for speeding up job growth and helping the struggling poor and middle class," the AP reports.

"The president's plan is likely to contain tax cuts, jobs-boosting infrastructure ideas and steps that would specifically help the long-term unemployed. The official emphasized that all of Obama's proposals would be fresh ones, not a rehash of plans he has pitched for many weeks and still supports, including his 'infrastructure bank' idea to finance construction jobs."

"Obama will also present a specific plan to cut the suffocating long-term national debt and to pay for the cost of his new short-term economic ideas."

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