WKYT | Lexington, Kentucky | News

Obama, lawmakers target bailout fund for jobs bill

WASHINGTON (AP) - President Barack Obama takes his defense of the economy on the road today and despite limited options due to big budget deficits, he's warming to the possibility of a job-boosting bill.

Obama has scheduled appearances today in Pennsylvania to showcase innovative businesses following yesterday's White House jobs forum.

The president is mindful of growing anxiety about federal deficits and says it is primarily up to the private sector to create large numbers of new jobs.

But congressional Democrats are eyeing up to $70 billion in unspent financial bailout money to use for infrastructure projects and saving public employee jobs.

November's unemployment figures are due out this morning and the jobs picture is expected to remain bleak.


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