Obama aide: Blocking jobs bill risks recession

AP News
Posted: Oct 07, 2011 5:02 PM
Obama aide: Blocking jobs bill risks recession

A top White House economic adviser says failure to pass President Barack Obama's jobs bill would raise the risk of a recession

Gene Sperling says that without the measures outlined in the president's nearly $450 billion bill, the economy faces the possibility of stalling or having a downturn. In an interview with The Associated Press, Sperling questioned why anyone would want to take that risk.

Sperling spoke shortly after the Labor Department released new jobs numbers showing the economy added about 103,000 jobs last month. The unemployment rate held steady at 9.1 percent.

Sperling says the White House is "slightly comforted" by the fact that the jobs numbers were better than expected, though he said they still aren't good enough.