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July 27, 2008

Obama, McCain Focus on Domestic Economy 
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http://enews.voanews.com/t?ctl=1D6ABE1:A6F02AD83191E16004B8EF44C280587F30EB2FA2E66CBB22&
 
Obama is returning his campaign's focus to domestic economy, while his
Republican rival McCain has kept his attention on energy 
U.S. Democratic presidential candidate Barack Obama is returning his
campaign's focus to the domestic economy, after a nine-day trip abroad,
while his Republican rival, John McCain, has kept his attention on
energy.Obama says he plans to meet Monday with former U.S. Federal
Reserve Chairman Paul Volcker, former U.S. Treasury Secretary Robert
Rubin, billionaire investor Warren Buffet and other economic
heavyweights. The Illinois senator said this will be the first in a
series of meetings and proposals on the economy that he will make during
the rest of the campaign.Senator McCain criticized Obama Saturday for
his opposition to increased offshore oil drilling and additional nuclear
power plant construction. McCain strategists and Republican
congressional leaders say their candidate has an advantage over Obama on
the issue of how to address high energy costs.Also Saturday, Obama
praised the current Federal Reserve chairman, telling the Reuters news
agency that Ben Bernanke ha!
 s made some good decisions in difficult circumstances.The Federal
Reserve recently offered a financial lifeline to lenders Fannie Mae and
Freddie Mac. The two government-sponsored companies have lost billions
of dollars due to a wave of mortgage defaults.Some information for this
report was provided by AP and Reuters.


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