New York

He also repeated his desire for Congress to approve free trade agreements with Korea of the South, Colombia and Panama, and the extension of the law of trade adjustment (TAA), which offers support and training for American workers displaced by foreign trade competition. Obama pointed out that both Democrats and Republicans must work closely to develop a long-term plan that will restore the fiscal health of United States. The economic recovery, a priority the President recorded his Sabbath message hours before Standard & Poor s risk assessment firm downgraded the debt rating of AAA, the maximum possible, to AA +, USA what makes fear a rise in interest rates and a greater economic instability in the country. Economic recovery It has become a top priority for Obama in the face of the general elections of 2012. According to the latest economic data, the unemployment rate registered a slight drop from 9.2 to 9.1% last July by the momentum of the hiring in the private sector. But in the quarter from April to June, the gross domestic product (GDP) only grew 1.3%, less than expected. In that sense, the Republican lawmaker from New York, Michael Grimm, said in the weekly address of the opposition that the high rate of unemployment demonstrates that the economic policies of Obama are not working. He added that the cuts included in the agreement to reduce the deficit are not enough and repeated the Republican position that Congress should pass a constitutional amendment requiring a balanced budget. Source of the news: the White House acknowledges that the internal debate on the debt affected the rebate from S & P