WASHINGTON (CNN) - President Barack Obama warned Monday that more job losses should be expected in the months ahead despite recent signs of economic recovery.
He also called for "new models" of economic growth to help avoid a repeat of what he said was the debt-driven expansion of the past.
"We anticipate that we're going to continue to see some job losses in the weeks and months to come," the president said during a meeting with several of his top economic advisers.
There is "always a lag of several months between businesses starting to make profits again and investing again and them actually rehiring again."
Obama also said, however, he's confident "that having moved the economy on the right track ... there's no reason why we're not going to be able to not only create jobs, but the kind of sustainable economic growth that everybody's
Story updated at 11:00 a.m. EST to correct transcript of robocall
RICHMOND, Virginia (CNN) - Sarah Palin isn’t staying out of the Virginia governor’s race after all.
Less than 48 hours before voters head to the polls to elect a new governor, several Virginians reported receiving robocalls on Sunday from the 2008 GOP vice presidential nominee, urging them to “vote your values” on Tuesday.
But the recording makes no mention of the Bob McDonnell, the Republican gubernatorial candidate who has been reluctant to embrace Palin during the governor’s race, out of fear that she might alienate some of the independent voters who have helped him climb to a healthy lead in the polls over Democrat Creigh Deeds.
“Virginia, hello, this is Sarah Palin calling to urge you to go to the polls Tuesday and vote to share our principles,” the former Alaska governor says in the call, which was provided to CNN by one Democrat who recorded it. “The eyes of America will be on Virginia and make no mistake about it, every vote counts. So don’t take anything for granted, vote your values on Tuesday, and urge your friends and family to vote, too.”
(CNN) - The Republican National Committee is pouring some last-minute money into the highly-anticipated special election in New York's 23rd congressional district with a new radio ad, as the party throws its support to Conservative Party candidate Doug Hoffman.
The RNC released a new radio ad on Monday encouraging Republicans to support conservative candidates on Election Day. Without naming Hoffman, the narrator says that voters "need conservative leaders who stand up for our values."
"Whose side are you on? The Pelosi-Paterson tax-and-spend train wreck?" the narrator asks in the ad, echoing a Hoffman campaign theme. "Or do you believe in Republican conservative values, like thrift, personal responsibility, and family? Let's tell the liberals, enough is enough."
The RNC had previously backed Republican nominee Dede Scozzafava, who dropped out of the race over the weekend and officially backed the Democratic nominee, Bill Owens.
The ad will air for two days in North Country media markets. The RNC would not reveal the size of the buy.
(CNN) - Not only is the former Republican candidate in a special New York congressional election now supporting the Democrat in the race, she is actively campaigning for him.
According to the Watertown Daily Times and confirmed by Owens' spokesman, former Republican candidate Dede Scozzafava appeared an event with Democrat Bill Owens in Canton, New York Sunday.
"It's not about ideology, it's about the local issues," Scozzafava said during the event, according to the paper. She also urged her one-time opponent to avoid the "hateful and divisive" tactics that ultimately led to her withdrawal from the race 24 hours earlier.
Under heavy pressure from national conservatives who are supporting third-party candidate Doug Hoffman in the state's 23rd congressional district, Scozzafava said Saturday she was suspending her campaign.
Owen's spokesman would not indicate if Scozzafava was expected to appear on the trail with Owens Monday.
(CNN) - The Conservative Party candidate in the special election for New York's 23rd congressional district has a 5-point edge over the Democrat in the race, according to a new poll.
But the Siena Research Institute survey, conducted the day after the Republican in the race suspended her campaign, suggests that roughly one out of five voters in the district remain undecided just hours before Election Day.
The race has captured national attention because of a split among Republicans, which could allow a Democrat to win the district for the first time in over a century.
The poll indicates that 41 percent of likely voters support Conservative candidate Doug Hoffman, with 36 percent backing Democrat Bill Owens, and 6 percent supporting Republican nominee Dede Scozzafava, who suspended her campaign on Saturday. Scozzafava's name remains on the ballot.
Eighteen percent of likely voters are undecided, double the amount from a Siena survey released Saturday, hours before Scozzafava dropped out of the race. Owens was at 36 percent in that poll, with Hoffman at 35 percent and Scozzafava grabbing one in five voters.
(CNN) - With one day to go until Election day, a new poll suggests New Jersey Gov. Jon Corzine's in a statistical tie with his Republican challenger, Chris Christie.
According to a Quinnipiac University survey released Monday morning, 42 percent of likely New Jersey voters back Christie, the former federal prosecutor in the Garden State, with 40 percent supporting Corzine, the Democratic incumbent fighting for a second term, and 12 percent backing Independent candidate Chris Daggett. Six percent remain undecided.
Christie's two point advantage is well within the poll's sampling error. A Quinnpiac University survey released Wednesday indicated that Corzine held a 5 point lead, just within in the poll's sampling error. Christie was up 2 points over Corzine in a Fairleigh Dickenson University survey released Friday. Most surveys in New Jersey over the past seven weeks have suggested that Corzine and Christie were deadlocked, with Daggett in the low double digits.
The poll indicates that 38 percent of Daggett supporters say they might change their mind. Thirty-nine percent say Corzine is their second choice, while 29 percent say Christie is number two. Only one in ten Christie backers and just 13 percent of Corzine backers say they might change their mind.
"Daggett is the key to an incredibly close New Jersey election," says Maurice Carroll, director of the Quinnipiac University Polling Institute.
(CNN) - Two political heavyweights are descending on New York's 23rd congressional district Monday, 24 hours before voters in that closely-watched special House race head to the polls.
Vice President Joe Biden is set to hold a morning rally in Watertown with Democrat Bill Owens at 10 a.m. ET. Biden's visit comes two days after Republican Dede Scozzafava withdrew from the race - a seeming blow to Owens who had benefited from Sozzafava and conservative third-party candidate Dough Hoffman splitting the opposition vote.
Meanwhile former GOP presidential candidate Fred Thompson is also heading to the upstate New York district, holding a campaign event with Hoffman Monday evening.
Thompson, among Hoffman's earliest high-profile backers who was the recent star of a campaign commercial for the independent conservative, said in a statement "Dough is Target No. 1 for the Democrats' political machine, they are desperate to win."
A recent Siena College poll conducted before Socozzafava withdrew from the race suggests Owens and Hoffman were locked in a statistical dead heat, 36-35 percent, with Scozzafava far behind at 20 percent. Political observers predict more than two-thirds of Scozzafava's supporters are now likely to cast their vote for Hoffman.
Biden also campaigned with Owens in September while President Obama made an appearance at a fundraiser for Owens in New York City earlier this month.
Follow Alex Mooney on Twitter @awmooneycnn
(CNN) - A new survey suggests that New York City Mayor Michael Bloomberg, running for a third term in office, holds a 12-point lead over his Democratic rival with just one day to go before voters there head to the polls.
According to a Quinnipiac University survey released Monday morning, 50 percent of likely New York City voters support Bloomberg, running as an independent, with 38 percent backing the Democratic candidate, New York City Comptroller William Thompson. Ten percent of those questioned are undecided and 1 percent supports Stephen Christopher, the Conservative party candidate.
Bloomberg's 12 point lead is down from an 18 point advantage he held over Thompson in a Quinnipiac poll released a week ago. Bloomberg was up 15 points over Thompson in a Marist College survey that came out Friday.
The survey indicates that Bloomberg is leading overwhelmingly among Republicans, has a 40 point advantage among independent voters, while Thompson leads by 5 points among Democrats. The poll suggests a racial divide, with Bloomberg leading among white voters by 42 points and Thompson holding a 39 point advantage among African-Americans. Hispanic voters back Bloomberg by eight points.
(CNN) – The Republican Party nominee in this week’s special congressional election in New York endorsed her Democratic opponent Sunday, one day after releasing supporters from their commitment to support her.
New York Assemblywoman Dede Scozzafava said she was backing Democrat Bill Owens over Conservative Party candidate Doug Hoffman in the special election for ex-GOP Rep. John McHugh’s seat in this northern New York congressional district. McHugh resigned to become Secretary of the Army.
“Since announcing the suspension of my campaign, I have thought long and hard about what is best for the people of this District, and how to answer your questions,” she said in a statement obtained by CNN. “This is not a decision that I have made lightly.”
“In Bill Owens, I see a sense of duty and integrity that will guide him beyond political partisanship. He will be an independent voice devoted to doing what is right for New York. Bill understands this district and its people, and when he represents us in Congress he will put our interests first.”
“I am supporting Bill Owens for Congress and urge you to do the same.”
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world.
For the latest political news: www.CNNPolitics.com.
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CNN: Karzai challenger quits Afghan runoff
Afghan politician Abdullah Abdullah withdrew Sunday from the upcoming runoff election, saying he believes that the second round would be as fraudulent as the first.
New York Times: With Karzai, U.S. Faces Weak Partner in Time of War
With the White House’s reluctant embrace on Sunday of Hamid Karzai as the winner of Afghanistan’s suddenly moot presidential runoff, President Obama now faces a new complication: enabling a badly tarnished partner to regain enough legitimacy to help the United States find the way out of an eight-year-old war.
CNN: Police: Dozens dead in Pakistan explosion
A suicide bomber detonated explosives Monday outside a bank in Rawalpindi where people had lined up to pick up their monthly checks, police said.
CNN: GOP nominee endorses Democrat
The Republican Party nominee in this week’s special congressional election in New York endorsed her Democratic opponent Sunday, one day after releasing supporters from their commitment to support her, the Watertown Daily Times reported on its Web site.
CNN: RNC commends Scozzafava, endorses Hoffman
Republican National Committee Chairman Michael Steele quickly endorsed Conservative Party candidate Doug Hoffman in New York's 23rd congressional district Saturday, after Republican Dede Scozzafava's late decision to drop out of the special election.
CNN: Palestinians blast Clinton for Israel praise
Palestinian leaders angrily dismissed Secretary of State Hillary Clinton's praise for Israel on Sunday, openly questioning her ability to jumpstart peace talks just hours after she left Israel.