Setting a new bar for the nation's economy, President Barack Obama said the United States unemployment rate could fall to 8 percent before he faces re-election next November.
The unemployment rate, currently at 8.6 percent, hasn't been at or below 8 percent since he took office in January 2009 amid a global economic crisis.
In a "60 Minutes" interview, the president was asked specifically whether he would get the rate back down to 8 percent before next fall's general election.
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"I think it's possible," Obama said, according to excerpts of the interview provided by CBS. "But ... I'm not in the job of prognosticating on the economy. I'm in the job of putting in place the tools that allow the economy to thrive and Americans to succeed."
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