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Obama statement delayed to 1:30 pm EDT

U.S. President Barack Obama talks about military veterans in the workforce while in Washington
U.S. President Barack Obama talks about military veterans in the workforce while in Washington

WASHINGTON (Reuters) - The White House said on Monday that President Barack Obama's statement to reporters about the economy would be delayed by half an hour to 1:30 p.m. EDT.

U.S. stocks tumbled after rating agency Standard & Poor's cut the country's top-tier AAA credit rating on Friday. Obama was expected to address that in his remarks.

(Reporting by Jeff Mason)

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