John King, Vin Weber, Economic adivser for Mitt Romney, and Gov. Martin O'Malley discuss the economic debate between Gov. Mitt Romney and President Obama.
President Obama took back statements he made earlier about the economy being "fine," but he's not the first politician to correct a slip-up. Tonight on John King, USA, we explore this and other political blunders. Tune in at 6pm ET/5pm CT.
Washington (CNN) – President Barack Obama, walking back his assertion at a press conference the "private sector's doing fine," acknowledged Friday that "it is absolutely clear that the economy is not doing fine."
The struggling economy, he clarified, is "why I had the press conference."
"That's why I spent yesterday, the day before yesterday, this past week, this part month, this past year talking about how we can make this economy stronger," Obama said in the Oval Office. "The economy is not doing fine. There are too many people out of work. The housing market is still weak, there are too many homes underwater."
Romney Campaign adviser Kerry Healey told John King that the first year after getting elected shouldn't count on jobs. Does the same rule apply to Obama? Watch the interview and let us know what you think.
Former CBO director Douglas Holtz-Eakin and economist Heather Boushey debate on how the slowing economy affect the election.
RNC Chairman Reince Priebus tells John King that the President missed his opportunity to lead as job creation slows.
Tune in tonight to John King, USA as we take you behind the numbers of the jobs report and what it means for you and your bottom line.
NEW YORK (CNNMoney) – Businesses hired far fewer workers than expected in May, throwing into doubt the strength of the economic recovery.
Only 69,000 jobs were added last month, the weakest growth in a year. The unemployment rate rose to 8.2%, as people rejoined the labor force.
Economists surveyed by CNNMoney had expected to see employers add 150,000 jobs and the unemployment rate to remain at 8.1%.
Revisions from previous months also showed the economy gained 49,000 fewer jobs in March and April than originally thought.