President Obama's Weekly Address 6/20/15: Creating New Pathways of Opportunity for Americans Like You

WASHINGTON, DC — In this week's address, the President spoke to his priority of growing the economy and opening new avenues of opportunity for hardworking Americans. While the United States has already made economic progress, with more than 12 million new private sector jobs created over the past five years, there’s still more to be done. That’s why the President has continued to press for strong, high-standard trade agreements that are good for American workers and good for American businesses. And it’s why his Administration has partnered with mayors and governors across the country on issues such as minimum wage and paid leave that impact hardworking Americans. The President discussed impactful initiatives like these in his address before the Conference of Mayors on Friday.

Paul Krugman Wins Economics Nobel

Paul Krugman, a professor at Princeton University and an Op-Ed columnist for The New York Times, was awarded the Nobel Memorial Prize in Economic Science on Monday.

Mr. Krugman received the award for his work on international trade and economic geography. In particular, the prize committee lauded his work for “having shown the effects of economies of scale on trade patterns and on the location of economic activity.” He has developed models that explain observed patterns of trade between countries, as well as what goods are produced where and why. Traditional trade theory assumes that countries are different and will exchange different kinds of goods with each other; Mr. Krugman’s theories have explained why worldwide trade is dominated by a few countries that are similar to each other, and why some countries might import the same kinds of goods that it exports....