A guest takes a video of U.S. President Barack Obama with his mobile phone during a welcome reception for the WNBA Champions Phoenix Mercury team at the East Room of the White House in Washington

Eying volatile markets, Obama urges Congress to pass budget

A guest takes a video of U.S. President Barack Obama with his mobile phone during a welcome reception for the WNBA Champions Phoenix Mercury team at the East Room of the White House in WashingtonPresident Barack Obama said on Thursday urged the Congress to avoid contributing to global economic uncertainty and quickly pass a budget before a deadline at the end of September to prevent a government shutdown. Obama called the U.S. economy “an anchor of global strength and stability” but said a down-to-the-wire budget drama would hurt momentum and add to strains in the global economy. There’s been a lot of reports in the news, and stock markets swinging, and worries about China and about Europe,” Obama said in a speech.

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