Tuesday, July 29, 2014   

Obama promises action on economic inequality
(01-29 12:33)

US President Barack Obama has promised to bypass a deadlocked Congress to tackle economic inequality in his annual State of the Union address.
He pledged to "take steps without legislation" wherever possible, announcing a rise in the minimum wage for new federal contract staff.
On Iran, he said he would veto any new sanctions that risked derailing talks.
The Democratic president is facing some of his lowest approval ratings since first taking office in 2009.
"Let's make this a year of action," Obama said.
Noting that inequality has deepened and upward mobility stalled, he would offer "a set of concrete, practical proposals to speed up growth, strengthen the middle class, and build new ladders of opportunity into the middle class".
Obama also said that business leaders around the world had declared that China is no longer the world's number one place to invest; America is. --RTHK
   
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