Obama Says Strong U.S. Recovery Begins With Small Businesses

President Barack Obama, who told an audience in rural Iowa yesterday that the U.S. economy will come back “stronger than before,” plans to ask Congress next month for additional spending to create jobs and more long-term deficit reductions, an administration official said today.

Obama is expected to deliver a speech in early September in which he will propose a mix of tax cuts and infrastructure investment to boost the economy, said the official, who asked not to be named because plans for the speech haven’t been completed. He also plans to call for cutting long-term budgets by more than the $1.5 trillion a congressional “super-committee” has been charged with finding by late November, the official said.