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Obama: Budget standoff has 'damaged' America

Obama has been addressing journalists in Washington. Credit: APTN

The 16-day government shutdown has damaged America's credibility around the world, President Obama told a press conference in Washington.

The US President said the crisis had slowed economic growth and that the American people are "completely fed up" with Washington.

  1. Robert Moore

Jobs boost for American economy

President Barack Obama gives a speech on the economy in February. Credit: Press Association

Another key sign that the American economy is healing has just emerged. The U.S. economy added 236,000 jobs in February, and the unemployment rate fell to 7.7 per cent.

That's better than expected and will be welcomed in the White House and on Main Streets across America.

Unemployment has been a lagging statistic in the American economy. Stubbornly high, it was a contentious part of the election campaign last year. There was talk that this was a jobless recovery.

Now, finally, perhaps the supertanker that is the American economy is turning, and belatedly bringing jobs in its wake.