Obama touts 'safer' US economy while marking Lehman fall
WASHINGTON (AP) - President Barack Obama said on Monday the US financial system is "safer" five years after the collapse of a Wall Street giant plunged the United States deeper into a recession.
Mr Obama marked the fifth anniversary of the bankruptcy of Lehman Brothers by surrounding himself with Americans the White House said benefited from the administration's economic and banking policies.
Mr Obama said his administration laid a "new foundation" for a stronger economy, but he admitted that the benefits were not being felt by many middle-class Americans.
The President's remarks come ahead of anticipated confrontations with congressional Republicans over paying for government operations and raising the US' borrowing cap. He jabbed Republicans, saying these lawmakers were not focused on the middle class.