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Obama to use Lehman anniversary to cite progress

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MGN Online

WASHINGTON (AP) - On the fifth anniversary of the Lehman Bros. collapse, President Barack Obama is laying claim to an economic turnaround and warning Republicans not to risk a backslide by threatening a government shutdown or a debt default.

That's a message Obama plans to promote over the coming week - starting with a Rose Garden speech on Monday.

It marks a determined effort by the White House to confront public skepticism about Obama's stewardship of the economy. Also, the president is putting down his marker for looming budget clashes with Congress.

The economic scorecard is mixed as the nation recovers from the worst recession since the Great Depression.

Growth has been tepid and unemployment remains high. Polls show that the American public isn't convinced that the economy is mending.


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