President Barack Obama is seeking to revive a version of theso-called grand bargain with congressional Republicans that wouldcombine long-term U.S. deficit reduction through entitlementbenefit cuts and tax increases with immediate steps to boost jobgrowth.

Obama plans to press Congress for billions of dollars in freshspending to reduce unemployment as he also pursues a compromise onlong-term deficit cuts. He will begin by laying out his ideas in aspeech shortly after the U.S. Labor Day holiday, which is Sept.5.

With the U.S. unemployment rate at 9.1 percent and economicgrowth slowing, Obama's aides are working on a mix of tax cuts andinfrastructure spending beyond the measures he has been promotingover the last several weeks, an administration official said,speaking on condition of anonymity because details for the speechhaven't been completed.