Economic Jitters Compete with Obama Agenda
Just as President Barack Obama is pushing new initiatives on gun control and immigration, the gloomy old problem of a sluggish economy is elbowing its way back into prominence.
Consumer confidence has fallen, the economy has contracted and large automatic spending cuts are threatening to hit the Pentagon and other programs with uncertain consequences.
These troubles arise as Obama's public approval has been improving and he has been starting to use his sway to promote the key features of his second-term agenda.
The economic shrinkage and the drop in consumer confidence are attributed to one-time events, while underlying economic factors still show encouraging signs.
But in politics, power resides in the moment. Any economic setback could distract Obama as he deals with immigration and gun violence.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Economists Predict Increase in Consumer Spending
- Obama to Open Middle-Class Jobs, Opportunity Tour
- Obama to Launch Series of Trips on Economic Plans
- Midwest, Plains Economic Survey Index Dips
- Minn. Job Growth Slows in March; Job Fair Reaches Out to Veterans
- LIST: Highlights from the Fed's US Economic Survey
- Bankers Say Farm Income Helping Rural Economy
- US Unemployment Aid Applications Decline to 366K
- Group to Explore ND, Minnesota Business Prospects
- Midwest Economic Index Suggests Slow Growth