Factbox: Obama US economy plan
Gross domestic product has struggled to expand by more than 2 percent a year since the 2007-09 recession and unemployment remains high at 7.9 percent. About 23 million Americans are either unemployed, working part-time because they can't find full-time work, or want a job but have given up the search.
Here are Obama's key plans for the economy:
Obama has said his jobs plan would strengthen manufacturing, help small businesses, improve the quality of education and make the country less dependent on foreign oil.
He envisions 1 million new manufacturing jobs by 2016 and more than 600,000 jobs in the natural gas sector, as well as the recruitment of 100,000 math and science teachers.
Repairing and replacing old roads, bridges, airport runways and schools are part of his plan to put Americans back to work. Half of the money saved from ending the wars in Iraq and Afghanistan would be used to fund infrastructure projects.
Unlike at the start of his first term, when a Democrat-run Congress approved Obama's $840 billion in stimulus, the president will struggle to get any new major spending plans approved by the House, which remains under Republican control.
Obama has proposed cutting the government budget deficit by more than $4 trillion over the next decade by allowing tax cuts for upper-income Americans enacted during the George W. Bush
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