Obama Sees No Recession Risk but More Jobs Needed

By Alister Bull

WASHINGTON -- President Barack Obama on Tuesday dismissed the risk of the United States slipping back into recession as poor jobs data raised fresh doubts among Americans over his handling of the economy.

"I'm not concerned about a double-dip recession. I am concerned about the fact that the recovery that we're on is not producing jobs as quickly as I want it to happen," Obama told a news conference with German Chancellor Angela Merkel.