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All Speakers
00:00:3923 sec.
Obama, Barack - President

Good afternoon, everybody. Congress has now approved a compromise to reduce the deficit and avert a default that would have devastated our economy....

00:01:0223 sec.
Obama, Barack - President

This compromise guarantees more than $2 trillion in deficit reduction. It’s an important first step to ensuring that as a nation we live within our...

00:01:2549 sec.
Obama, Barack - President

This is, however, just the first step. This compromise requires that both parties work together on a larger plan to cut the deficit, which is important...

00:02:1434 sec.
Obama, Barack - President

I’ve said it before; I will say it again: We can’t balance the budget on the backs of the very people who have borne the biggest brunt of this...

00:02:4834 sec.
Obama, Barack - President

And in the coming months, I’ll continue also to fight for what the American people care most about: new jobs, higher wages and faster economic growth....

00:03:2250 sec.
Obama, Barack - President

That’s part of the reason that people are so frustrated with what’s been going on in this town. In the last few months, the economy has already...

00:04:1237 sec.
Obama, Barack - President

So, voters may have chosen divided government, but they sure didn’t vote for dysfunctional government. They want us to solve problems. They want...

00:04:4923 sec.
Obama, Barack - President

And that’s why, when Congress gets back from recess, I will urge them to immediately take some steps -- bipartisan, common-sense steps -- that will...

00:05:1221 sec.
Obama, Barack - President

We need to begin by extending tax cuts for middle-class families so that you have more money in your paychecks next year. If you’ve got more money...

00:05:3312 sec.
Obama, Barack - President

And while we’re at it, we need to make sure that millions of workers who are still pounding the pavement looking for jobs to support their families...

00:05:4529 sec.
Obama, Barack - President

Through patent reform, we can cut the red tape that stops too many inventors and entrepreneurs from quickly turning new ideas into thriving businesses...

00:06:1426 sec.
Obama, Barack - President

We also need to give more opportunities to all those construction workers out there who lost their jobs when the housing boom went bust. We could put...

00:06:4032 sec.
Obama, Barack - President

And while we’re on the topic of infrastructure, there’s another stalemate in Congress right now involving our aviation industry which has stalled...

00:07:1236 sec.
Obama, Barack - President

So these are some things that we could be doing right now. There’s no reason for Congress not to send me those bills so I can sign them into law...

00:07:481 min.
Obama, Barack - President

So, we’ve seen in the past few days that Washington has the ability to focus when there’s a timer ticking down, and when there’s a looming disaster....

00:08:561 min.
Obama, Barack - President

Thanks very much, everybody.

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