Obama Discusses Plan to Grow Economy by $1.4 Trillion; Cut Deficit by $1 Trillion

October 24, 2013

In a speech from the White House today, President Barack Obama discussed his support for a plan to boost the economy by more than a trillion dollars while also cutting the deficit by $1 trillion. The legislation, which already has passed the Senate, would create a new immigration system for the United States, one that includes a road map to citizenship for aspiring Americans and ensures they have access to workplace rights. Independent economists, Obama noted, project that over the next two decades, the law would boost the economy by $1.4 trillion and drastically reduce projected deficits.

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