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US President Barack Obama smiles during a campaign event in Virginia/AFP

World

Obama raised $181 million in September‎

The release of the fundraising figure came on the second successive morning of good news for the Obama campaign after the president was comprehensively outfoxed by Romney in the first of three head-to-head debates.

On Friday, new Labor Department data showed that the unemployment rate had dropped to 7.8 percent, the lowest level since the president walked into the Oval Office in January 2009.

Obama seized on the news to rebut Romney’s criticisms of his economic strategy and warned that after having come so far, America could not afford to go back to Republican economic policies that had triggered a crisis.

But in his weekly radio address on Saturday, Obama acknowledged that too many Americans were “still looking for work or struggling to pay the bills” and urged Congress to act to alleviate their plight.

He said lawmakers needed to extend tax cuts adopted under former President George W. Bush for the overwhelming majority of working American. The tax cuts are due to expire at the end of the year.

Romney, banking on a turnaround in the polls after the debate in Denver, claimed Friday that the Obama economy was not in a “real recovery.”

“If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11 percent,” the Republican challenger said as he stumped for votes in the battleground state of Virginia.

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