Obama Says U.S. Has ‘Many More Months’ Before Full Recovery

President Barack Obama said it will take “many more months” for the U.S. to fully recover from the recession as employers continue to shed jobs.

By Nicholas Johnston, Bloomberg

The president said in his weekly address on the radio and the Internet that yesterday’s government report on the gross domestic product showed the recession was “even deeper than anyone thought” when he took office in January. The stimulus legislation passed by Congress in February and measures to stem home foreclosures have helped stem the slide, he said.

Read more at Bloomberg.com

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