More than half of Americans believe Barack Obama is doing a bad job on the economy, according to a new poll, marking the first time the majority has voiced their disapproval.

President Barack Obama launches several economic initiatives this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in November 2 congressional elections.

President Barack Obama will ask the Congress on Wednesday to increase and permanently extend a tax credit for business research as a way of boosting job growth, an administration officials said on Sunday.

President Barack Obama will ask the U.S. Congress on Wednesday to increase and permanently extend a tax credit for business research as a way of boosting job growth, an administration official said on Sunday.

President Barack Obama this week will urge Congress to permanently extend and expand a research and development tax credit to encourage job growth.