Reuters: Most Read Articles: Obama warns of economic "headwinds," sees euro surviving

Reuters: Most Read Articles Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Obama warns of economic "headwinds," sees euro surviving Jul 31st 2012, 03:49 Tweet Share this Email Print Related News ECB on course to act strongly or disappoint mightily Mon, Jul 30 2012 Euro zone crisis heads for September crunch Sun, Jul 29 2012 Spain feels debt heat, Greece way off bailout terms Thu, Jul 26 2012 Special Report: Obama's struggle to mend veterans' safety net Thu, Jul 26 2012 Geithner says he did all he could to address Libor problem Wed, Jul 25 2012 Analysis & Opinion Was Geithner 'forceful' on Libor? Obama’s not the trustbuster he thought he would be Related Topics Politics » Euro Zone » Barack Obama » Election 2012 » United States President Barack Obama departs the White House in Washington July 30, 2012. Credit: Reuters/Gary Cameron NEW YORK | Mon Jul 30, 2012 11:49pm EDT NEW YORK (Reuters) - President Barack Obama warned on Monday the U.S. economy would face continuing "headwinds" over the next few months, with Europe's debt crisis still posing a challenge, but predicted the euro zone and its currency would remain intact. "I don't think ultimately that the Europeans will let the euro unravel but they are going to have to take some decisive steps," Obama said at a campaign fundraiser in New York. "I am spending an enormous amount of time trying to work with them, and (Treasury Secretary) Tim Geithner is trying to work with them," he said. "The sooner they take some decisive action, the better off we're going to be." Obama's re-election bid is threatened by high U.S. unemployment and a stumbling economy, which has felt shockwaves from Europe's debt troubles. "Right now, the economy is still rough enough for enough people that this is going to be a close election," Obama said. Polls show him in a dead heat with Republican challenger Mitt Romney ahead of the November 6 election. U.S. economic growth slowed in the second quarter to a 1.5 percent annual rate, the weakest pace in a year, the Commerce Department said on Friday. "We're going to have some continued headwinds over the next several months," Obama said. "Europe is still a challenge." (Reporting by Margaret Chadbourn, writing by Matt Spetalnick; editing by Todd Eastham) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (12) Economic headwinds…? As in my job is about to be over. Jul 30, 2012 9:00pm EDT  --  Report as abuse When it comes to Obama, head wind is a very good desciption Jul 30, 2012 9:29pm EDT  --  Report as abuse When it comes to Obama, head wind is a very good desciption Jul 30, 2012 9:29pm EDT  --  Report as abuse See All Comments » Add Your Comment

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions