Obama weighs steps to spur jobs, wary on deficit

By Alister Bull and Andy Sullivan

WASHINGTON (Reuters) - U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26 1/2-year peak last month.

Obama, who earlier signed a bill to extend jobless benefits and a homebuyer tax credit, said his team was studying new spending on roads and bridges, business tax cuts, refitting buildings to make them more energy efficient, easing the flow of credit to small businesses and boosting U.S. exports.

"Although it will take time and it will take patience, I am confident that our economy will recover, I'm confident that we're moving in the right direction," he said in a statement delivered in the White House Rose Garden.

A senior White House official said Obama's team was looking to move forward in exploring several fresh job creation options in the coming weeks, rather than months, but was not able to offer any further specifics at this stage.

House of Representatives Speaker Nancy Pelosi said Congress "must do more" to create jobs but she, and other Democrats, shied away from outlining specific stimulus spending that could open them to charges of further ballooning the budget deficit.

Obama faces pressure to deliver a second fiscal stimulus, on top of a $787 billion emergency bill he signed in February, after U.S unemployment jumped to 10.2 percent last month.

But the White House said the first priority was to get the cash from that initial emergency bill spent.

"Our focus obviously continues to be on ensuring that that money gets out as quickly as it is prescribed," White House spokesman Robert Gibbs told a daily briefing.