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Obama: Focus to be on deficit, jobs

President Barack Obama said this week’s State of the Union address will focus on cutting the deficit, reducing unemployment and ensuring the U.S. can compete with economic rivals.

President Barack Obama said this week’s State of the Union address will focus on cutting the deficit, reducing unemployment and ensuring the U.S. can compete with economic rivals.

In a video to supporters that previews the nationally televised Tuesday speech, Obama said the economy is growing, corporate profits are rising and more than 1 million jobs have been created in the past year.

Obama said he will be pivoting from responding to the financial crisis that occupied much of the first two years of his presidency to meeting longer-range economic challenges.

“My principal focus, my number-one focus, is going be making sure that we are competitive, that we are growing and we are creating jobs not just now but well into the future,” Obama said in the video. “I’m focused on making sure the economy is working for everybody, for the entire American family.”

The need to make the U.S. more competitive with emerging economies has part of the president’s focus since his trip to Asia last November.

One of the Obama administration’s biggest challenges is reducing the more than $1.2 trillion U.S. budget deficit. Obama didn’t indicate how he would address the recommendations from his bipartisan deficit commission.

 
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