Obama Says New $825 Billion Stimulus Plan Is 'on Target'

Discussion in 'Trading' started by bat1, Jan 23, 2009.

  1. bat1


    Can you say DOW 10,000 :)

    U.S. President Barack Obama said he expects Congress to approve a massive new package within weeks to help stimulate the battered U.S. economy.

    Mr. Obama met Friday with top Congressional Democrats and Republicans. He cautioned that the U.S. economy is facing an "unprecedented" crisis - but said he expects his new recovery plan to create three million to four million new jobs. And he said Congress is "on target" to approve the stimulus package by mid-February - President's Day weekend.

    The president also stressed the need for increased accountability and transparency to ensure that government financial "bailout" money is used appropriately.